*Nice $GOLD chart mick, thanks for posting it mick, now while I can't necesarily endorse bearishness on physical $GOLD even in the short-term despite patiently awaiting a drop... I can say that I wouldn't recommend going long the gold/silver stocks at this stage in the game right before earnings, I'm expecting some extremely dissapointing results due to the unproportionate rise in the cost of energy over $GOLD in the most recent quarter, and with that said... watch for some nice healthy sell-offs once the earnings begin to kick in for these companies...
My case is being supported and has been recently, gold stocks not only are looking toppy here but they've blatantly failed to confirm the recent 18-year high in physical $GOLD...
Caution advised on the stocks headed into earnings...
If my forecast is true, patience will pay off and I'll be able to get phenomenal buy-in prices when everyone finally dumps these gold & silver stocks and blood is on the streets...
And with that said, I'd ideally like to see $GOLD lower by at least $50 from its current levels... but the growing wealth of oil-rich nations investing in the physical metal and the fact that it has already been long manipulated may not allow that entry...
Either way, patience here on the stocks, they look to report dissapointing results, doesn't take a PhD for me to realize this...
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