via CEO.ca - Jordan Roy Byrne

One comparison that is being made with the '70's is the gold price decline that ocurred before the onet of a mania, with the present gold price decline. Many gold market participants are betting that the mania is sure to come, but comparisons are mostly very weak.

15 years of data since the gold market bottom suggest that we are in a Wave One extension in elliot wave terms, with the last wave being the smallest wave.

http://ceo.ca/gold-bear-to-end-with-a-bang-the-daily-gold/

-F6