1. This chart is from the December 2011 Market Analytics & Technical Analysis
Report
December 15th, 2011
GOLD & SILVER – OPPORTUNITY?
CRISIS
DANGER - OPPORTUNITY
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

2. This chart is from the December 2011 Market Analytics & Technical Analysis
Report
December 15th, 2011
“DANGER” AT PLAY
• Gold In a Stronger US$ - Stored Value
US$ Strength • Gold In Euro – What Problem?
• EU Liquidity Squeeze – Sell Winners
• Macro Unease –
Risk Off • ECB & Fed Not Printing?
• Global Slowdown Evident
•Critical Support – A New Normal
•Last Fibonacci Retracement – Shallow
Consolidation •Consolidation versus Correction
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

3. This chart is from the December 2011 Market Analytics & Technical Analysis
Report
December 15th, 2011
KEEP YOUR PERSPECTIVE – IT’S NOISE!
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
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slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

4. This chart is from the December 2011 Market Analytics & Technical Analysis
Report
December 15th, 2011
NOISE!
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

5. This chart is from the December 2011 Market Analytics & Technical Analysis
Report
December 15th, 2011
NOISE!
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

6. This chart is from the December 2011 Market Analytics & Technical Analysis
Report
December 15th, 2011
NOISE!
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

7. This chart is from the December 2011 Market Analytics & Technical Analysis
Report
December 15th, 2011
NOISE!
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

8. This chart is from the December 2011 Market Analytics & Technical Analysis
Report
December 15th, 2011
FORGET MA’s - CHANNELS
Money market funds swell as investors dump gold MW
Gold Indicator Shows Long Term Bottom Not In Puplava
The Gold Bull Market Is Over Iacono
Paulson’s Bright Spot May Fade as Gold Plunges Bloomberg
Gold May Extend Rout on Strengthening Dollar Bloomberg
Gold Market Rout Leaves Traders Least Bullish in Four Months
Bloomberg
These headlines don’t match
the reality of the situation!
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

9. This chart is from the December 2011 Market Analytics & Technical Analysis
Report
December 15th, 2011
FORGET MA’s - CHANNELS
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

10. This chart is from the December 2011 Market Analytics & Technical Analysis
Report
December 15th, 2011
CURRENCY
• Gold In a Stronger US$ - Stored Value
US$ Strength • Gold In Euro – What Problem?
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

11. This chart is from the December 2011 Market Analytics & Technical Analysis
Report
December 15th, 2011
CURRENCY
• Gold In a Stronger US$ - Stored Value
US$ Strength • Gold In Euro – What Problem?
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

12. This chart is from the December 2011 Market Analytics & Technical Analysis
Report
December 15th, 2011
CURRENCY
• Gold In a Stronger US$ - Stored Value
US$ Strength • Gold In Euro – What Problem?
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

13. This chart is from the December 2011 Market Analytics & Technical Analysis
Report
December 15th, 2011
RISK OFF
Risk Off • EU Liquidity Squeeze – Sell Winners
• Macro Unease – ECB & Fed Not Printing?
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

14. This chart is from the December 2011 Market Analytics & Technical Analysis
Report
December 15th, 2011
RISK OFF
Risk Off • EU Liquidity Squeeze – Sell Winners
• Macro Unease – ECB & Fed Not Printing?
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

15. This chart is from the December 2011 Market Analytics & Technical Analysis
Report
December 15th, 2011
GOLD, SILVER & COMMODITES - UPDATE
• Critical Support – A New Normal
SILVER • Last Fibonacci Retracement – Shallow
• Consolidation versus Correction
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

16. This chart is from the December 2011 Market Analytics & Technical Analysis
Report
December 15th, 2011
GOLD, SILVER & COMMODITES - UPDATE
• Critical Support – A New Normal
SILVER • Last Fibonacci Retracement – Shallow
• Consolidation versus Correction
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

17. This chart is from the December 2011 Market Analytics & Technical Analysis
Report
December 15th, 2011
GOLD, SILVER & COMMODITES - UPDATE
• Critical Support – A New Normal
SILVER • Last Fibonacci Retracement – Shallow
• Consolidation versus Correction
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

18. This chart is from the December 2011 Market Analytics & Technical Analysis
Report
December 15th, 2011
DIAMONDS MEAN “CONSOLDATION” - CONTINUATION
• Critical Support – A New Normal
• Last Fibonacci Retracement – Shallow
Consolidation • Consolidation versus Correction
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

19. This chart is from the December 2011 Market Analytics & Technical Analysis
Report
December 15th, 2011
DIAMONDS MEAN “CONSOLDATION” - CONTINUATION
• Critical Support – A New Normal
• Last Fibonacci Retracement – Shallow
Consolidation • Consolidation versus Correction
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

20. This chart is from the December 2011 Market Analytics & Technical Analysis
Report
December 15th, 2011
COMMODITIES – CHANNEL TEST
• Critical Support – A New Normal
• Last Fibonacci Retracement – Shallow
Consolidation • Consolidation versus Correction
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

21. This chart is from the December 2011 Market Analytics & Technical Analysis
Report
December 15th, 2011
OPPORTUNITY
• Expect a G7 / IMF Coordinated Bail-Out of Italy / Spain
• A Major Signal of Central Bank Expansion
OPPORTUNITY • Shock to the Market
PARIS 12/05/11
MERKOZY SUMMIT
“NO HAIRCUTS”
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

22. This chart is from the December 2011 Market Analytics & Technical Analysis
Report
December 15th, 2011
THEY WILL PRINT THE MONEY!!!
• Expect a G7 / IMF Coordinated Bail-Out of Italy / Spain
• A Major Signal of Central Bank Expansion
OPPORTUNITY • Shock to the Market
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

23. This chart is from the December 2011 Market Analytics & Technical Analysis
Report
December 15th, 2011
GOLD & SILVER - OPPORTUNITY
CRISIS
DANGER - OPPORTUNITY
Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

24. This chart is from the December 2011 Market Analytics & Technical Analysis
Report
December 15th, 2011
GOLD, SILVER & COMMODITIES - UPDATE
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Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this
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