Gilburt doubles down: Gold is going to $25,000

Mr. Gilburt is noted for his uncanny success in gold market projection.

"First, I would like to point out that Elliott Wave analysis is used to track market sentiment. We use it in conjunction with Fibonacci mathematics to identify turning points and targets with our analysis. Again, as I noted, that is how I came up with my topping target for gold in 2011, which was within six dollars of the actual high. It is also how I came up with my downside target and expectation that gold will likely be cut in half from the high I expected."
 


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