Here is what im thinking.
Untill, 7532 ( DOW)is taken out with power and the Dollar fails... short term I think gold is stuck. It should have ripped once it got over 325 and didnt.... Now it is trying to make a 6 month double or triple top, instead of taking it out.
I think if the DOW fails those old lows Gold will rip, but untill then and if it holds and the dollar wont fail, it is stuck.
Is why I exited those small day trades in Gold, several weeks ago and some yesterday. Still have the core I have mentioned.
I gave the " Baton" to saikman and JRMFL on that weeks ago, when
I exited that last large swing. I hope the damn gold index explodes for you guys, but untill it breaks out with force Im on the side lines.
Is why I started getting long the market last Friday, Im expecting a manipulation rally here in the markets at old DOW lows.
If Im wrong on both Ill reverse, untill DOW old lows are smasshed Im in. Untill gold smashes out of those 6 month prices. Im out.
Right now this market is having more train wrecks everyday, more than a west bound trach into an east bound track. Dangerous either way... short or long.
See what happens, my predicting power, needs new batteries.
Out of Energizers... Manana
