here we go again, page-26

loki01, put simply, I didn't pull that figure out of my #$@%

Gold tested the $850 breakout level just as has tested EVERY breakout level since this bull market began in 2001.

That level has been successfully tested and we are now moving UP in MAJOR wave THREE.
That test of $850 was the bottom of MAJOR wave TWO.

Based on the degree of major wave ONE, the target for major THREE is around $2400 and time wise could last anywhere from 12-18 months.

Then look for a prolonged sideways flat correction to FOUR followed by the final push into 2012 that will take gold to possibly as high as $5000-10000.