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Message Subject
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IS GOLD FINALLY GOING TO GET ITS FINAL WASHOUT I HOPE???
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Anonymous Coward |
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Post Content
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Btw, what's interesting is that the Dollar daily chart immediately reminds me of the Gold weekly chart since the 2011 top: [ link to finviz.com] The entire pattern looks very similar and if you take this analogy it seems we just had the (much briefer) consolidation after the initial crash and will now move further to the final low (around 91-92 according to Ike) where we then start to move back up. I was thinking the same. It will be very interesting if gold rises with the dollar and goes above $1239. Apparently my rough drawing of the lines was very close to the breakout or breakdown point! ($1240) Really changes my plans though. I prefer to see us go all the way to $1309 and then breakdown hard. We could still breakdown and go sideways until June and THEN the rally to $1309 could start.
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