Re: Elliot Wave Gold

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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Scruffy

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Re: Elliot Wave Gold

in response to

Elliot Wave Gold

Terresainte

posted on Jan 24, 2009 05:17AM

"ONE up from $256 to $1,015 (actually 4 times the $255 low)

TWO down from $1015 to $700 (a decline of 31%)

THREE up from $700 to $3,500 (a Fibonacci 5 x the $500 low)"

Are there some practitioners that would consider the Spring 06 move to $735 the end of wave ONE?

I am never quite sure that I can understand EW theory. Thanks for the post. I would love to see numbers in these ranges!!

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