Claude Resources, Inc. (fka CLGRF)

[geodan]

ArticelWithChart Edelson, 3/4s Done?

found it http://www.weisseducation.com/beware-of-the-gold-rally-7990

BTW I copy the charts to disk, just in case they decide to "enhance" it later.

What the charts for gold stocks and gold show, is that 3/4s of the "crash" should be over by now. in other words, maybe teh bottom is 1240ish.

The 5-18 minor peak was uncanny. But if its really accurate then its 3/4 done price wise.


TEXT:
A. Although I did not issue a buy signal, I nailed the bottom in gold again, at the $1,044 level in late November/early December last year.

B. I’ve nailed the recent trading range, the recent sideways action between roughly $1,220 and $1,280. A $60 range that no one in their right mind, except day traders, should try to trade or invest in.

Click here to learn how to trade my short-term forecast for gold

C. And soon, you will realize that my short-term forecast will bring gold back down to below $1,200, the $1,160 to $1,180 level …

D. That when you see those price levels for gold, you should start backing up the truck!

E. Furthermore, there is nothing, and I mean nothing, that yet convinces me that my long-term forecasts for gold will be wrong and that gold will hit at least $5,000 by the year 2020.

Keep in mind my models on gold have never, and I mean never, missed one single major turning point since 1978. Not one.