by Jim Sinclair, JS Mineset:
My Dear Extended Family,
Cycles are best understood as probabilities for directional movement. Those gold cycles that turned down at $1900 have now turned up with the price of gold now plumbing previous lows which are by definition major support.
The price objective once this experience is over is $2100, and is where it will trade in time.
I can only imagine what a deluge of emails this will bring from the Gold Internet Trolls.
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