Is MA still calling for gold to drop below $900? That call doesn't seem likely at this time.
Actually I think that was one of his best calls. Came pretty darn close, at the bottom.
$1050 was the first target. We hit that.
MA stated it was possible for gold to decline further to $850 or even as low as $680, but this would depend on the reversal system. Just recently gold moved above the critical $1362 level, so it appears the lower lows scenario is no longer a possibility or at least we have rally period first.
The potential reason for gold to decline is when the stampede into the USD and US stocks begins in earnest (once it is clear that Europe is totally fucked), this could cause move out of anti-dollar assets such as gold and even Bitcoin. We could be seeing a bounce in gold because the outcome for the USA is still murky until after Trump wins and also because it is not clear yet to the mainstream that Europe has come off the rails. Thus indecision and move to gold instead of chasing the herd into the USD and US stocks, which will instead come later probably Q1 2017 or so, as MA has been indicating lately.
Also there rumblings out of Europe and also Trump about cracking down on regulating Bitcoin and the other means of sidestepping taxes and regulation. So that is another possible reason these assets could take a blow as capital controls are enacted and the USD and US stocks present a more sane alternative.