Iridium
Short

GOLD LONG TERM PERSPECTIVE

COMEX:GC1!   GOLD FUTURES
144 0 0
THE CURRENT ANALYSIS UNDER THE WAVE PARADIGM POINTS TO CONTINUED CONSTRICTING PRICE ACTION BEWTWEEN 1100 AND 1300 PER OZ. THE MOST COMMON CORRECTIVE PATTERN IN 4TH WAVE POSITIONS IS A TRIANGLE WHICH APPEARS TO BE UNFOLDING BEFORE OUR VERY EYES. FIBONACCI ANALYSIS FURTHER INDICATES THE PROBABILITY OF A TRIANGLE GIVEN PRICE PULL BACK AFTER HITTING THE .382 RETRACEMENT OF WAVE III             . MY ANALYSIS GIVEN THE CURRENT MARKETS CONDITIONS POINTS TO CONTINUED LACK LUSTER PERFORMANCE FOR GOLD             AND 1000$ OR LESS PER OZ IS NOT OUT OF THE QUESTION ONCE PRICE BREAKS TO THE DOWN SIDE.
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