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Sunday, March 3, 2013

Gold : back to $75-$80 (36months)

In my opinion, God has completed a major 5wave at$225 thereabouts....it's is currently mid way or a third of the way through a down cycle if not a downtrend.

Gold as it is has lose a lot of its shine since 2011 high at $225.

It will continue downward to about I suspect where the 4th wave begins and that is about $75-$80

It may have a bounce from here if not abit lower first then test key levels of $150,$165 and $195.
It may be a good time to manage the portfolio at those stages, maybe offload some to mitigate the risk.

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