Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Land Shark who wrote (63767)	2/26/2009 3:33:31 PM
From: Claude Cormier	6 Recommendations Read Replies (3) of 78407

Here is my opinion. There is a chance that the correction is already over or very close to. Nobody can really be sure. We can also make it lower even under $900. But $850 will hold. $900-$925 is very decent short term support. $850-$875 is much stronger support. I think there is a better than 60% chances that we will not go below $900. When the US equities collapse for their second killer waves, gold will then explode to new all time highs in USD. The above is my best guess. Nothing extremely scientific. Based on observations of what the market is doing and what the charts look like. BTW, there are bearish guys like Prechter who believe, I think, that gold will make a new low sligthly below last October low under $700. I am not in that camp.

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