I dont mind too much us acquiring atm, but i do want to see a shift from acquisition to organic growth after this year& maybe next, otherwise we will be buying a bubble IMO.
4.7c is an important double fib line I hope it holds, if it breaks I'll be lining up around 3.8c
I believe market has one more correction in it before going into a medium term uptrend, If i'm right then it gives justification for 4.7 breaking, if i'm wrong then we have completed the major retrace wave 2 from all time low.
option 3 not hugely lightly, XGD runs against XJO/XAO
my count on gold major 3, intermediate 3 minor 4, may have completed at the 23.6 of wave 3 or may break down to 38.2 (circa 1480) before wave 5, I did some charts on my suspicions of it in the gold thread recently (in reply to thread title: banksters & scamsters)if anyone is interested or wants to give their view of things.
as always put on your a hard hat, earmuffs & blindfold when you see me post...la la la la la la la cant hear me :)
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