by Avi Gilburt, Gold Seek:
With dashed expectations, losses in many investor accounts, and feelings of hopelessness towards metals and miners, many in the metals world were cut to the bone by the action of the metals and mining stocks in 2014. But, out of these 2014 ashes should rise a powerful phoenix in 2015 and into 2016.
As we came into 2014, most in the metals world were exceptionally bullish. Everyone was pointing to the “double bottom” in gold, followed by a strong rally, to bolster their feelings of bullish euphoria. Many viewed this as a strong indication that the metals bull was back. However, we came into 2014 feeling sorry for these folks, since we had the benefit of Elliott Wave analysis. And, it was telling us that there was a high probability that a lower low was sitting out there.
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