goodguy
Long

My long term view of Gold and Silver

AMEX:GLD   SPDR GOLD TRUST
190 0 2
Personally I think both gold             and silver             may well be what in EWT             jargon is a 4th wave consolidation or triangle. It is too early to be sure but when I see a positive reversal followed by a bullish divergence I think there is a very good chance of a significant rise ahead. Note that C =1.6 x A which is a common finding in corrections. The fairly long down trend line has been broken. Not a bad spot for long term traders (investors) to go in with a stop at the November 14 low.
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