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Market Sentiment At Its Lowest In 10 Months

Market Sentiment At Its Lowest In 10 Months

Stocks sold off last week…

Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

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Where To Now Gold and GDX

I believe a major low has been established for gold and gold stocks.

Wave 1 (which level I don't know) began 6/27 and ended 7/23. I believe we are in a wave 2 now, with an ABC corrective pattern. I believe wave B ended yesterday (Friday 7/9). Then C down starting Monday. Wave C will last until Friday. Wave 3 will begin next Friday afternoon (9/16) or the following Monday morning. That will be a powerful wave up. That will last until 9/17. Then wave 4 starts, correcting wave 3. That will last until 10/17. Then wave 5 begins and will last 3-4 weeks. All of these will comprise wave 1, of a higher level. Wave 2 (higher level) will last until about 6/18/3014. Then a higher level wave 3. This will last about 1 year.

All of these predictions are based on correlating planetary strength with elliott wave.

Please check out my recent posts to evaluate their accuracy.
http://www.safehaven.com/article/30329/yes-this-is-a-major-gold-bottom
http://www.safehaven.com/article/30580/where-to-now-gold

 

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