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[RT] C Wave in Gold?



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Anybody up for this?  I'd value anyone's thoughts or 
comments.

Wave A was down (GLD) from March 17 to a low on May 1.
(You can see the breakdown of 3 waves)

Wave B was up from May 1 to a high on July 15.
(You can see it was a 3-3-5:  again a breakdown of 3 
waves)

Current wave C is as follows:

Wave 1 of C from July 15 to Aug 15 AND IT WAS AN 
EXTENSION, but more on that later,

Wave 2 of C was just completed as follows:

8/15 to 8/28 (3 up)
8/15 to 9/11 (3 down)
9/11 thru today (5 up).....and represents a 'double 
retracement' to where the
original extension began.

I know that extensions are usually not wave 1 affairs, 
but.....

Conclusion:  Waves 3 down, 4 up, and 5 down are yet to 
come, marking the end of
the correction from March 17.

Comments welcomed; and thank you; and I know this is a 
contrary view.

Chas
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