GLD

All this talk about currencies devaluing nationally and internationally leads creedence to the MASSIVE inverse H&S pattern on GLD as seen in dotted red. One way to derive a target from this pattern is to draw a line from head to neckline as seen in green, duplicate it and then move it to the top of the necline as seen in green again. Curiously, that matches up with a fib fan line as well as a longterm Fib 161.8% line for a target of 130-135.

Okay, from 65 to 95 took a year, will 100 to 135 take a year?

FYI: Jan 2011 $110 Calls cost about $6.60 per contract.

That's 456 days with a stop below the 20 week SMA 94.20 as a break would negate the pattern.