re: gold on fire, three-alarm caution indicated
I cannot agree that it is a mistake to try and read the charts for gold .... it has been behaving perfectly. In fact I commented weeks ago that I was worried because it was behaving so well and that life wasn't meant to be that easy. We have been in a third wave and third waves are a joy to behold. I'm not sure if it is finished or not - the third wave that is - but the fourth wave will only be a twenty to thirty buck correction or something like that and then we have the fifth to follow. After that it might be worth looking for something a bit more on the downside. But even then, we are still only in the early phase of a major bull market.
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