gold, page-34347

Skol,

The multi hour chart seems to be working towards that US$1266.50 so there is a good chance it will make this level on a more extended time scale. The hourly chart suggests it'll be hit soon. Yes of course the proxies could come and short gold or push one of the cross currencies to pressure gold lower but I still think the move is going to happen now to this level, then that US$1275 I mentioned and beyond US$1300. When US$1322 goes it will go beyond US$1400 fast and the upside is very large on this wave upwards in the multi decade bull run. We have had a long correction so the next move up is going to be massive. You have to apply a perspective in many years Skol to see the big picture. I think it will be very shocking the final move and if you stay positing when that occurs I will really respect that.

JFI