***$GOLD, FINANCIALADVISOR HITS THE NAIL ON THE HEAD AGAIN!***
*Ride the wave my friends... see posting from November 29, 2005 which has the chart, #msg-8664253 - Keep in mind, this is when $GOLD was still a hair under $500!
From that November 29, 2005 posting: "$GOLD at $700??? IF 1979-like parabolic slope happens, a $200 gain within 3-7 months is quite possible!!!" -FinancialAdvisor (11.29.2005).
Not only did $GOLD hit $700, but it did it within the window I had expected, in just over 5 months time from that post. The point of this post is to illustrate that we are still in that wave and nothing has changed. We happened to hit the target and pull back right off of resistance.
We are still in that strong wave, despite $GOLD having lost a good $90+ since the recent top... watch for a bottom and reversal in the coming days...
*Maybe today's spot low of $636.20 will hold? Major support via $610's... currently $651.10, -5.90 from Friday's NY Close...
***MY NEXT TARGET REMAINS $788-$833***
...and I believe we will see those levels within 6 months and they may even be considered quite conservative... especially if this parabolic wave remains in tact.
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