friday and a new thread, page-38

Now while I reckon we get a top in gold here and a USD bottom, I am NOT calling a major turn.

I will post a few fib grids on gold and you can make your own conclusions. The idea is to fit the lines to important highs and lows as we know at the end it will always look neat in hindsight.

What one must never do is listen to the gold bulls. There are no bulls like a gold bull. As one that made as much as a million in gold in two days and lost as much in one day back around 1980, and so have some interest in the metal, I can tell you that for the 20 years that followed, every gold bull remained bullish and every bounce was "a new bull market", ever since. So don't expect any bull to call an end EVER.

So I reckon 1500 +/- 25 is going to be either THE END or at least something major that sees a major set back that could possible set up a new fib grid.