I have just returned from a luncheon for Reyes Magos where I sat next to an elderly English gentlemen who is retired from the City and now lives in Mallorca. He still keeps an Elliot Wave chart on gold and is calling it down to $800 with the outside chance of $500. I told him that I wasn't much of a bear and $1,000 was as far as I could see it going, if that. But he was adamant...
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