LT: The above are the forecasts for Sugar #11 and Gold published by Elliott Wave International [1]. We are showing part of the charts here for non-commercial fair use.
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Tuesday, May 13, 2008
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3 comments:
Uh-oh..
Gold seems to be wavering... hope it holds above 850.
Fingers crossed.
On another note is it me or are lebanon, pakistan and iran suddenly more prominently featured in the news of late.
My thoughts go out to the victims and families of the Sichuan quake.
I wasted a lot of opportunity in 2002, when I was reading a book by R.P, in which he told that financial doomsday was coming and the entire system would collapse.
His Elliotwave count is erroneous most of the times.
Gold seems to be on it's way down, 863.55 as i write. (making prechter look good ..for now)
The flavour of the month seems to be gold's inverse relation to the USD, since it seems like gold has 'decoupled' from crude.
Despite the obvious signs (USD up Gold down), I would be thinking of Buying now.
Crude i think is going up(may have to eat my words), despite the fact that a correction is probably long overdue.
Would be nice to know anyone's thoughts on these.
Thank you kindly.
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