Message:

<p>[QUOTE=&quot;GoldFinger1969, post: 26673353, member: 73489&quot;]With the 1980 and 2011 rises as an example, gold more or less held at about a 50-60% retracement of the non-bubble &quot;spike&quot; in each move.</p><p><br /></p><p>So gold bottomed at $300&#039;ish in the years after the 1979-80 peak...and bottomed at about $1,000 after the $1,800 peak in 2011.&nbsp; </p><p><br /></p><p><b>If we ARE taking a long time out -- remains to be seen -- I would estimate support at $3,000 - $3,500 an ounce. </b> The rise in gold was NOT as extreme from the recent launching point if that means anything to the TA folks.&nbsp; So maybe support is higher.</p><p><br /></p><p>Gold only spent a week or so above $5,000 but has spent months above $4,000.&nbsp; We may find buyers at those levels since there was an equilibrium in that range.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in