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Non-Tech : The Woodshed
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To: SwampDogg who wrote (54709)10/9/2016 3:40:24 PM
From: Claude Cormier2 Recommendations

Recommended By
dara
marcos

   of 60899
 
It was indeed the normal thing to do for this market, to correct as it did. The 200 dma is always a solid attractor in corrective waves.

I am not sure if we will have a "V" shape recovery as you suggest. Could be as this is the way it happens more often than never.

I can see a bottoming process that last another 4 weeks. Gold could reach $1210-$1220 which would be closer to a 50% retracement of this 1st wave from December 2015. Juniors gold still have another 8%+ to lose in order to reach such a normal retracement. Senior gold are just a tad above it.

We will find out soon.
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