Was the Gold Crash Visible in 2012?

On October 5, 2012, the day gold closed at 1780.70, we made the following forecast:

Gold had 9 months of “respite,” a brief period of rest and recovery, to relieve last year’s oversold condition: it rallied 18% from 1522.75 to 1796.08. Gold is now overbought and ready to turn down. Gold is starting wave 3 of (3) down. The downside target for wave 3 of (3) is 1300.

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