Todays research suggests ZSL
1) The current uptrend, Minor wave 5, is subdividing even further. Fifth waves are usually the most dynamic for commodities in general, but especially for the precious metals. When this uptrend ends, so will Minor wave 5, Intermediate wave five, and Major wave 3. Then we should observe a very sharp correction, likely a zigzag, to alternate with the Major wave 2 flat. Tony_Caldaro
2) 4 reasons its going down
- Strengthening of the dollar, potentially catalyzed by the euro crisis and lower realized inflation
- "Out of the woodwork" supply creation
- Demand destruction
- Price Benchmarking and the fear of losing The Sane Investor »
3) All my indicators for the past weeks have been in similar conditions seen at the big, bull market top in 2007. That’s when we got a major sell signal. It’s time to adapt the same posture and make some money on the downside. BERT DOHMEN
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