CONTRARIANTHINKER

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Wave 5

Update 8/4/8

previously...

First a bear case for silver - one that corresponds with (I think) the majority of analysts. This says Wave 5 is over, and we are in for further decline and consolidation.

Gold Bear Chart (Scary) - Blue trend-line break and backtest. No wonder traders are nervous!

Bull Charts

Silver

Gold has broken and is testing LT log channel on weekly close. I include a possible wave count

5 April 2008

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