Thanks Timber, I'm not disagreeing we may still be in corrective, it's hard to tell yet. I thought where I marked 4 was the end of the retrace, but it would not surprise me to see us drop to sub 1500 on the edge of the 76.8 fib circle we are running on at the moment (at the tentative/guestimated 38.2).
PS that chart is a few days old, probably a week.
I'm simply offering up a technical arguement that those so called 90 scamsters (and maybe they are) may have some reasonable legitimacy to their forecasts.
Show me a major gold crash/retrace technical scenario accompanied with the fundamentals in a long term stabilised debt scenario (not including more QE life support) that kind of an arguement might give this thread title some legitimacy.
I'm all for logical debate on direction but Skols arguements are akin to being thrown into a bathfull of semi set jelly with an octopus on viagra...now what would Homer Simpson say to that?
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