Wednesday, November 17, 2010

OK, Gold Correction Back On

Gold correction for November NOT aborted. To proceed per original fractal forecast. That forecast was for gold to have a weak spell up to around late November. Then a power climb to year end. It seems that silver wants to lead this upcoming charge, it has been much more extended on the upside lately. The gold/silver ratio is charging lower (see my previous posts) and silver, the higher beta of the twins, is so far being more muted on the downside in this pullback. The switch-over from silver under-performing gold to a sharp out-performance that began about a month and a half ago seems to be on course. This is the typical case for gold's mega moves - a severe catch-up climb for silver.

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