Investors have
experienced a state of prolonged frustration--where prices are TRAPPED
between the upper and lower width of a symmetrical trading band. This is a
reversal sequence that is gradual in nature, but unfolds in a horrendous ‘up
and down’ affair until a sufficient amount of both time and distance is
reached. Prices here regroup, gather strength, and undergo heavy accumulation as
both, buyers and sellers, eagerly anticipate a forthcoming directional move.
Word out is that
the most current and up to date pattern of GOLD is shaping into a five wave
structural decline that in most cases, signifies the completion of a trending
move! But there are some circumstances where it’s not impossible for the price
to subdivide into six or even SEVEN WAVES before the pattern reaches its
culmination; especially in a mature advance or one that stays in effect.
The ACTUAL
pattern developing is a contemporary variation of the [seven cycle pivot-wave-structure] - which formed
in 2008. The end result that is occurring now- is a six to eight month advance - that will (with certainty) reach a
minimum target of 1900, or as high as 2200 in the most bullish case.
The canvas below is a reminder that ALL patterns
repeat themselves and, if you will notice in this alphabetical sequence – G completes
the developing structure.
GLD- DAILY CHART (click to enlarge)
WHY the pattern
is reappearing is of no interest, so long as we can observe that it exists! And
from the looks of it, the first test of survival is complete and what lies
beneath the surface is the muscular structure of one STRONG OX, in the best
shape of his life!
Investors
want to know the bottom line - and "the
end" of this multi-month correction.
As late as early March, gold will have reversed course to fulfill its
long awaited uptrend.
The CC
Report offers two subscription services---$9.95/month or $100/year. It is well
worth the information received.
Darah
