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Mike Jenkins-Stock Cycles Forecast-Aug. 22nd letter-targets would be 1193 and 1060 UNLESS gold goes back above $1345

Posted by Richard640 @ 12:56 on September 4, 2014  

GoldĀ keeps failing at key bull pivots and this last top was exactly dead center at key resistance. Usually that means a big leg down and clearly the targets would be 1193 and 1060 UNLESS gold goes back above $1345. If you look to the left near the final low, we could be folding back down into that October 2008 area from March / April 2009 and that foldback leg would be the 1062 target precisely. Of course if we are near March 2009 on the foldback it could mean most stocks are now at major TOPs but stocks that went up and back down like X and BAC are there too and folding up BIG, up into 2008. Gold will be a key tell so watch closely.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.