Oct 19 ESL wrote "ESL: By my calculations of Ken Adams standing prediction of a 40-day max correction ended Monday Oct 17. Add a couple days variation and today or tomorrow would mark the end or of ultimate low of this correction. Interesting how the end of his projected date matches my standing call (end of this week +/- a couple days) nearly to the day.

Also thanks to Pic for his latest interpretations based on Armstrong's model. Nice work sir! I'ts reassuring to hear that higher prices are far more likely to come, with 2 weeks of consolidation under our collective belt. 3 independent models meeting so close together is both fascinating and promising. As always, I use a combination of the EGM model with TA to ensure safer entry points into individual PM shares. Due to Hedgie interference and huge reliance on TA to make trades, not all shares will respond as quickly as Gold itself when it takes off."

Once again the EGM Gold Model pinpointed this turning point within 2 days, predicted months in advance, making this the 4th or 5th accurate longshot call in a row. Nice to see it working well as it was always my plan to deploy it for personal use, after proving it's abilities in public, to give me an edge.

At any rate today Gold decisively broke up and out of the prevailing 2-month downtrending trading channel with gusto (which accounts in large part for the massive buy orders that were automatically triggered by TA-intelligent algos), plus cut through horizontal resistance in the mid to high 1600's like a hot knife through butter. After 2 consecutive negative cycles, PM's are now solidly in PM-friendly territory where all corrections are to be bought rather than sold - exceptions granted to the trading pros who have 7/24 trading skills!

As always, I invest/trade based on this model combined with a number of proven TA signals. If you choose to use the model to time your transactions, it's purely at your own risk and please please please do not use the model timing method alone as a determining factor.