Quote from: S3052 on August 23, 2011, 03:56:05 PM

Quote from: cypherdoc on August 23, 2011, 02:47:28 PM

what i think will happen is that the stock mkt will enter a multi day/week rally during which the final bull mkt, gold, will top out its 11 yr bull and begin a multi year decline. it could be beginning today. i sense more instability in the gold price and instead of it being a simple correction this will be THE top. the PM miners were the first mkt to roll over and leading indicator that QE was finished and this last major reflationary effort since 3/09 has failed. as i said before, at transitions you can have diff mkts inflating and some deflating but when they all get in gear as i believe they will in the Fall, they become all one mkt with ALL of them falling and the USD rising.

This is in line with my forecast and trading..

As indicated in my last posts, I shorted. I got it between 1890-1910. Lets see how many hundred points we see Gold going lower.

i think it will ultimately go down thousands of dollars back into 3 digits. not in a straight line but my target remains the same. what will happen is that as it hits resistance areas the bulls will call it a buying opportunity to get everyone back in and we'll do a nice Fib retrace before falling further. just like the Dow.