Posted: Mar 05 2009 By: Jim Sinclair Post Edited: March 5, 2009 at 5:01 pm
Filed under: Jim's Mailbox
Dear CIGAs,
A caller today asked me why Gold was up.
My answer is simple:
Up is right and down is wrong!
Just ask Alf:
* Major ONE up from $256 to $1,015 (actually 4 times the $255 low);
* Major TWO down from $1015 to $699, say $700 (a decline of 31%);
* Major THREE up from $700 to $3,500 (a Fibonacci 5 times the
$500 low);
* Major FOUR down from $3,500 to $2,500 (a 29% decline);
* Major FIVE up from $2,500 to $10,000 (also a 4 fold increase,
same as ONE)
This move is beyond $1224, beyond $1650 and up to $3500. That is only for starters.
