“The last major wave up took us from $700 to $1,900 in 2.5 years. This major wave up should take us from $1,500 to $3,600 in 1.5 years.

“So – a rise from here up to the old highs should occur in the next leg up. This should trigger the buy signal signaling a major move up to the mid $2,000′s. A pullback and then a continued rise into the high $2,000′s – low $3,000′s.

“Another pullback and then the parabolic move up to the top of the leg in mid 2013 at around $3,500.  This a possible wave structure for the major rise – a major wave comprised of several sub-major waves.

via Gold $3500 by 2013 – Ed Steer’s Gold & Silver Daily | The Gold Informant – Not for the weak minded.

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