Posted are a few long-term charts of gold with comments and potential price projections based on arithmetic scale and log scale continuous nearby futures contract. In the nearer term, if we close above 1360, I suspect gold will have important resistance at 1450 to 1500 area. The longer-term, higher projections are only in play if we eventually break out significantly above 1450 to 1500 area. Though not shown on the charts, I do have some important cycles (presumably lows) due in early March and late May 2011.
Kim Rice 10/10/10
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