Market Oracle

"Gold’s long term trend towards higher prices remains intact (see Sharelynx chart below)."

http://www.marketoracle.co.uk/Article34555.html

The gold eWave forecast missed being disqualified only by a very narrow margin, if by a hair. But the gist is that gold prices have had a long technical consolidation, with the previous price low not being taken out.

Who knows if the gold bull market will fit into a perfect mathematical projection like this? Derivatives are based on deltas, rather than nominal values changes, so I wouldn't be suprised if the outcome demands a parabolic unwind. A fatal assumption to make would be that a gold price above a certain level would require total armageddon.

It is, just the gold price, after all.

http://sharelynx.com/chartstemp/GoldeWave.php

-F6