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    gold investing

    Gold is bottoming

    Investing News Network
    Feb. 02, 2011 12:15PM PST
    Precious Metals

    The Market Trend Forecast reports that Gold is bottoming.

    The Market Trend Forecast reports that Gold is bottoming.

    The editorial is quoted as saying:

    The rally up from the February 2010 $1,044 lows has been a large “Wave 3” structure which is not yet complete. We have completed 3 of the required 5 waves for this structure, and the current correction is a 4th wave. This pattern looks like what I call or Elliott termed a “3-3-5” pattern. This means you see 3 waves down, 3 waves up, and then 5 waves down to complete the correction.

    Click here to access the entire Editorial

    gold investing
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