GOLD LONG TERM PERSPECTIVE

9 Jun 2014

THE CURRENT ANALYSIS UNDER THE WAVE PARADIGM POINTS TO CONTINUED CONSTRICTING PRICE ACTION BEWTWEEN 1100 AND 1300 PER OZ. THE MOST COMMON CORRECTIVE PATTERN IN 4TH WAVE POSITIONS IS A TRIANGLE WHICH APPEARS TO BE UNFOLDING BEFORE OUR VERY EYES. FIBONACCI ANALYSIS FURTHER INDICATES THE PROBABILITY OF A TRIANGLE GIVEN PRICE PULL BACK AFTER HITTING THE .382 RETRACEMENT OF WAVE III. MY ANALYSIS GIVEN THE CURRENT MARKETS CONDITIONS POINTS TO CONTINUED LACK LUSTER PERFORMANCE FOR GOLD AND 1000$ OR LESS PER OZ IS NOT OUT OF THE QUESTION ONCE PRICE BREAKS TO THE DOWN SIDE.