Monday, December 3, 2012
Gold latest update: Gold and Indian Rupee have a very strong connection, Gold tends to be strong when the Rupee is strong. A picture says a thousand words, let's pay attention to Indian Rupee more closely now.
Indian Rupee made a new low in June 2012, while Gold made a higher low in the same month. This divergence shows very high probability that Gold has bottomed in June 2012 (The exact time George Soros & John Paulson increased their gold holding positions)
If gold has bottomed in June 2012, this could be the end of gold's ABC corrections and is now forming the Wave 5 up to break $1,920 and sail smoothly to $2,000 and then $2,500.
At your own risk.
