By David Banister(via Chris Vermeulen) (Guest Post)
A few weeks ago I penned a public article and private forecast for my subscribers calling for a major correction in Gold being due. 72 hours after my forecast, Gold had dropped a stunning $208 per ounce in 3 days catching most by surprise. Why did I forecast a top in Gold then? Why did Gold rally back to new highs recently? Is the Gold Bull Market now over? Let’s see if I can answer those questions with some level of logic below. I had forecasted a major correction because Gold has had a run of 34 Fibonacci months from October 2008 to August of 2011…
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