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- Dollar Collapse (17)
- General (24)
- Gold (186)
- 06/06/2011: The recovery failed
- 26/05/2011: Silver again
- 13/05/2011: $450 silver and $12,000 gold
- 11/05/2011: Oh well
- 09/05/2011: Some explanations
- 06/05/2011: NFP surprises
- 05/05/2011: Hi ho silver!
- 04/05/2011: Gold hits support and can still hit new high
- 04/05/2011: Is the top in? Maybe not
- 02/05/2011: Margin requirements take down silver
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- August 2008
- May 2008
- April 2008
The next move
Gold may have bottomed for now, or it may bottom this week. Projections for this decline range from $1030 to $1090. So far we hit $1095.
If we get to $1030, then the Rosen scenario is especially valid, and that would mean a subsequent high below $1227, the recent peak and all-time high. On the other hand, if gold stays above $1070, the next high could be $1300 or so, the projection from the reverse head and shoulders pattern. While a significant decline could follow a peak at this higher level, it would possibly not be as extreme as the $650 target Rosen is focused on.
The next high could be in late January - early February. So let’s see how high it goes.
Two articles by Clive Maund summarize a number of the points made here recently:
http://www.clivemaund.com/article.php?art_id=68
http://www.clivemaund.com/article.php?art_id=67
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