Uncle Jimmy's latest update on Ken Adams cyclic projections:

"The movement in gold continues and is playing quite nicely to Kenny’s alternative of the "Accordion Chop" which has not technically damaged the various higher price objectives."

His previous update was posted Sept 14th:

The following observation from Master Kenny is important:

"We are in the 17th day of corrective action, and near the end of our minimum expectation of time required (15 to 18 days) to exhaust this corrective action, (but with a maximum time factor still projected at not more than 36 to 40 days). Each failed attempt to close below 1770 widens out this accordion correction and weakens the possibility of for a return to the 1705.40 low."

ESL: By my calculations of Ken Adams standing prediction of a 40-day max correction ended Monday Oct 17. Add a couple days variation and today or tomorrow would mark the end or of ultimate low of this correction. Interesting how the end of his projected date matches my standing call (end of this week +/- a couple days) nearly to the day.

Also thanks to Pic for his latest interpretations based on Armstrong's model. Nice work sir! I'ts reassuring to hear that higher prices are far more likely to come, with 2 weeks of consolidation under our collective belt. 3 independent models meeting so close together is both fascinating and promising. As always, I use a combination of the EGM model with TA to ensure safer entry points into individual PM shares. Due to Hedgie interference and huge reliance on TA to make trades, not all shares will respond as quickly as Gold itself when it takes off.