the gooch, there is alot more pain for holders of gold yet IMO.
The USD is going to defy most peoples understanding market dynamics and perception of logic in the months ahead. The gold daily cycles has now turned back down as of last night.
Whilst it may go sideways,even slightly up for a day or two, I expect that next week it is going to get hit very hard. I am still expecting a break of the "descending triangle" and the $1500 level.
Martin Armstrong, whom I have the greatest respect is warning similarly. Gold holders be prepared to endure alot more pain ahead.
