Read this on kitco.com in an article by Claude Cormier Editor, The Ormetal Report. As you will see, unlike every Tom, Dick and Henrietta on HC, not everyone is bullish about gold. Wolfie has plenty of good company. here is some of the article. "Mr. Woods adds that if the bearish case is confirmed and gold does not surpass $433 in November, the odds suggest that gold will move below last May low of US$370 in the coming months. Another technician that is truly bearish and does not even believe that gold can be in a bull market at this moment is Robert Prechter at www.elliottwave.com. Clearly, Prechter says that gold is topping and the USD is bottoming. Both are just about to reverse their current trend and embark on a multi-month move, gold going down and the USD moving up. On the other hand, Prechter is very bullish longer term.... A collapse to gold $US360 remains a distinct possibility. Do not take anything for granted."
