14.12.2011 - Gold could correct lower than $1,600/ozt.
Gold is in the bump phase of a seven-year Bump-and-Run Reversal Top pattern which typically occurs when excessive speculation drives prices up steeply, and is now at a critical juncture which could change the long-term trend of gold. Silver is already in the run phase which does not bode well for its future price. Let me explain. According to Thomas Bulkowski, the Bump-and-Run Reversal Top pattern consists of three main phases:..............................................Full Article: Source
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