monday 3.35 low 3.39 high....below 3.00 over coming weeks...gold to retrace to 1030, last 3 major spikes (may 06, mar 08, dec 09) had very similar time intervals and very similar trough to peak % gains (about 70%), first two were followed by 20-30% corrections and took over a year to break to new highs. Not saying this one will take a year, but I reckon the correction will be just as severe.
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