Longer-Term Market Trends Message Board

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Strategies & Market Trends : Longer-Term Market Trends

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To: AllansAlias who wrote (2239)	3/29/2010 3:57:44 PM
From: ItsAllCyclical	Read Replies (1) of 3209

HUI long term chart. I think gold can make fresh highs this year, but if so I think it'll be under the context of the markets going higher as well. More likely is that at some pt during the next 2010-2012 period we have another deeper correction and divergence period similar to 2008, but probably to a lesser degree as I think they'll announce QE 2 faster during the next financial asset deflationary period. In this context we should have a C wave yet to go w/the HUI and then from there I think we'll line up FA and EW wise with the primary 3 Wave for the overall move starting sometime as early as early 2011 or as late as mid 2012. NEM going over 52 would certainly cause me to rethink the ST, but I don't think I'll change my IT read unless gold and gold shares outperform the SPX on an extended basis. Right now everything is one trade. Copper at 3.5 is nuts.

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