HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Gold Blooshed

Re: Gold Blooshed

posted on Apr 06, 2009 03:45AM

Gold moved from $681 to $1007 per ounce or a $326 move

A normal retracement of the move would be 50% of the gain or 183 dollars

That would put gold at 824 on the bottom of this move (1007-183)

It could pull back to 61.8% fib retracement or $ 806 (1007-201)

If you are buying 806 could be a a wonderful in!!

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