Gold. GLD. GELT der Rhinegold.

Posted on Jan 15, 2011 by WHC Bassetti in Letters

As may be seen here gold is well above its trendline and its present status is range bound.  If you wanted a Basing Point the mid November wave low would do fine.  We would look at present minor wavelet lows as buying opportunities, but we would prefer a dump-bump-dump pattern to buy.  If we see one we'll wake you up.

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