Significant Gold Decline Looming
Today's closing downturn broke 78.6% of the rally on the way to the low, which indicates to me a significant probability of a move lower. The count as I've diagrammed is the most likely IMO... Fundamentally I think banks and even metals producers probably want to raise cash to buy bonds. 5% will double your money in 10 years... while metals have no such yield. Let's see...
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