Re: Charts & Comments -RealTerm

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Fran Six

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Re: Charts & Comments -RealTerm

in response to

Charts & Comments

Fran Six

posted on Dec 07, 2013 07:04PM

via RealTerm.de - Dax In Gold

The Dax In Gold graph was updated lately, and shows how the correction affected the ratio and its track along the cycle.

This has been one of the examples that I've been following as a model for forecasting the gold price.

The graph suggests an eventual gold price of 3000 Euros. If the U.S. dollar gold price based on a Wave One elliot wave extension is priced just under $3000, then the Euro is presumed to collapse to parity: