gold top
#1
Posted 07 November 2007 - 10:44 AM
The future is 90% present and 10% vision.
#2
Posted 07 November 2007 - 12:17 PM
#3
Posted 07 November 2007 - 12:48 PM
#4
Posted 07 November 2007 - 01:10 PM
#5
Posted 07 November 2007 - 01:24 PM
#6
Posted 07 November 2007 - 01:26 PM
Yes, we're pretty close, if not already, to the end of the center point of wave three up - unless we get a 5th wave extension of the current 5th wave extension which is always possible with gold.I think we get there soon, clearly the price is blow off phase.
From there, we still have a double series of 4's and 5's to balance the initial series of 1's and 2's still yet to come, but with all upside technical targets fully satisfied, silver breaking out just yesterday, and everyone questioning the US Dollar as to its leadership in the world's financial markets, a sharp and short pause to refresh is certainly not out the realm of probability.
This pause would also allow silver to snapback to or towards its recent breakout point in preparation of moving sharply higher as this same series of 4's and 5's for gold continues to unwind later on.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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#7
Posted 07 November 2007 - 02:15 PM
#8
Posted 07 November 2007 - 02:22 PM
#9
Posted 07 November 2007 - 02:22 PM
Yes, we're pretty close, if not already, to the end of the center point of wave three up - unless we get a 5th wave extension of the current 5th wave extension which is always possible with gold.I think we get there soon, clearly the price is blow off phase.
From there, we still have a double series of 4's and 5's to balance the initial series of 1's and 2's still yet to come, but with all upside technical targets fully satisfied, silver breaking out just yesterday, and everyone questioning the US Dollar as to its leadership in the world's financial markets, a sharp and short pause to refresh is certainly not out the realm of probability.
This pause would also allow silver to snapback to or towards its recent breakout point in preparation of moving sharply higher as this same series of 4's and 5's for gold continues to unwind later on.
Fib
Si si amigo. Senor thinks you have it exactamundo. We now stair step higher, should be bueno trading.
BSing away
Senor
#10
Posted 07 November 2007 - 04:37 PM