Likely < 4 weeks until M+M bottom is in but could be sooner for [AGI]

At the backlink I modeled wave 4 as finished when in fact it was only A of 4. 

 

The recent snapshot below suggests that B of 4 ended at the beginning of October and C of 4 peaked mid October. The shares, all mining shares that is, have rapidly fallen toward their eventual concluding 5th wave.  Importantly, some have already put in a lower low that wave 3.  That means they are valid 5th waves so we really are likely in the final days of the end of the 2011 M+M bust.  This market has NOT played out as EWI thought it would.  It has played out per Avi and I am on record many times saying that I did not believe EWIs model was likely correct because the mining industry would all go bankrupt.

These shares are now sporting a double tiny double bottom on the right hand leg of potentially a larger one.  Wave 5 is also right now as long as wave 1.  So the rally could begin at any time now or it could fall one small wave lower per the blue or it could very rapidly plummet toward the bottom rail so that 1, 3 and 5 all line up there.   But the end of this bear market is getting closer and closer because anyone who really thinks gold is just a pet rock has rocks in their statist, Keynesian head.  Gold is money and everything else is credit and debt.

Look at the obviously (in retrospect) retracement move from black 3 to black 4.  Compare it to the motive moves on the way down.  When the the worm turns, we will be seeing that kind of action on the way up and many will be astounded at the rapidity of the movements.  I hope that none of my readers will be more that a little surprised, much less astounded.