"Gold is now in a Sell Signal, and has been for a couple of days. Not important to me for my core position which is all I have at the moment. I have no intention of trading the core position at all cause I dont think Im good enough to do it for all the buy and sells and never blow it. The core position gets sold when Dow/Gold = 5-6 - and I think it will be worth at least 20x what it is now...maybe more than 20x.
But this wave down that we're in is the 1st of 2 waves. Even though its starting off pretty brutally it actually shouldnt be that bad. The date this one bottoms looks pretty clear and its 10/29. Its a very distinct and obvious target. Most people dont believe you can figure the dates out way in advance and be right...but often you can.
But after this wave down then we get a bounce. The bounce might even be a 100% retrace for a double top."
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