friday after market comments, page-22

I think gold is in serious trouble, but don't think the bubble has popped. The more the FED prints dollars the more lucrative hard assets becomes and less lucrative fiat currencies become. In times of financial turmoil gold should be king but what this is telling us is that fiat dollars are king and USD are a safe haven instead of gold in a financial crisis.

The DOW 4 hr chart is most interesting, it's holding that 200ma and to revisit it, will probably take one more negative night as that is a whopping 150 pt bounce. Amazing volatility.

This market continues to be very difficult to nut out, but to my thinking it has one more week to go before she bottoms out.