So, back to Twiggs. The reason why I think he's making a HUGE call, is because he proclaims to have no technical indicators capable of pulling gold up bewteen here and $700.
[Yes, I know he doesn't think it will go straight down, but he think that it will now work it's way down to his target.]
I say that there are multiple technically consistent targets well before $700. Consider the chart below, for starters. Notice, especially, how the technical indicators (with the exception of MACD) are already back to neutral territory. Most runs to historic lows (Like Twiggs predicts) do not occur from neutral positions.
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gold warning -- twiggs, page-39
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