Here is the set up for a fast 10% rally in gold
I can’t believe it has been almost 12 years since we opened our doors to our analysis service on Elliottwavetrader.net. And, during that time, not only have over 71,000 people chosen to follow me on Seeking Alpha alone, but we have grown to approximately 8000 clients within our various services, with almost 1000 of them being money managers.
"The problem is that TA is like driving a car by only looking in the rear view mirror... There is no foresight involved; it's all based on past performance. The future of the fundamentals is what you fail to grasp." https://www.elliottwavetrader.net/p/analysis/Was-The-Metals-Market-Manipulated-To-Drop-From-2011-To-2015-201709194206284.html
"There is no way to rationalize $700 gold with 50% debasement of currency expected over the next 5 years as US debt grows to $21 trillion from $14. It makes no sense to my feeble mind. I vote for $3000 vs. $1900 today. That makes sense to my mind." "As we move into 2016, I believe there is a greater than 80% probability that we finally see a long term bottom formed in the metals and miners and the long term bull market resumes. Those that followed our advice in 2011, and moved out of this market for the correction we expected, are now moving back into this market as we approach the long term bottom. In 2011, before gold even topped, we set our ideal target for this correction in the $700-$1,000 region in gold.
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