Wish i shared your confidence Geiger Counter,i've ran some gann retracements on the weekly chart from the november 2008 low.
From the high of $1920 its retraced to just above 33% level twice without stopping much at the 25% level, when it does this the 33% level usually provides support which it has twice.
This leg down its consolidated for 7 weeks above the 25% level which it has now broken,after this usually the 33% level doesn't provide much support and this is at $1515, hopefully this holds as the next support will be the 50% level at $1310.
Certainly going to be some bargains out there in gold stocks soon but holding fire at the moment,want to get back into my favourite gold stock NST, also like SLR,SAR
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gold has come off about $40 an oz in aud , page-6
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