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Tuesday, October 25, 2016

Elliott Wave Update 25 October 2016

No matter who wins the election, the market is due to peak and reverse hard.  Social mood will deteriorate at a rapid pace.
Gold's long term count:
Big divergence still.
6 month yield count. Which implies 3 month yield will go up also. Which means the FED will be forced to raise short term rates. Which of course means trillions of dollars in losses as interest becomes to much to bear on the extreme leverage in the entire system. Which means bankruptcy and deflation (major asset deflation - the little guy will still be squeezed by every day expenses which will be the last prices to drop. By then 50% or more will be unemployed anyway.)

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