webinar! i was making and eating my lunch during the webinar so this is what i remember
so in summary of the webinar. their conclusion is similar to mine and joels bottom line parts of the pm complex has bottomed parts have not. providing the lows in gold hold, ie 1160 , then they do not expect prices below 1k . from the 11 highs , the dec 15 lows marked the end of the bear market and the 16 rally is wave 1 up the subsequent decline is wave 2 which is probably not complete in some miners and the mining sector(they did not touch upon silver) . and thus w/a 5 wave impulse up off the august gold lows. will be 1 of 3 , then a correction w/3of 3 to follow .they emphasized gld is not a trading vehicle , which had been elaborated upon in the webinar and on this board as well. they are looking for a 5 wave advance to begin once a lower low occurs in some mining stocks(not abx eg) and mining indexes . they showed some ratio charts which joel is a master of , and has many more than they used in the webinar. they talked about leverage and thought it best to wait for a completed 1-2 structure which makes perfect sense. so guys , and gals, we are not that far away from the fuse being lit. certainly , assuming new lows in gold do not occur 19 should be the initial blast off. i suspect that once things start , it will be much more swift than 99/or 01 to 11 was fear will be heightened.
some of the thoughts are my own 2c at the end here