time to eat humble cake ..., page-34

I think it's a bit of both! The AUD$ gold price is headed for a big fall. You only have to look at the ASX GOLD chart to notice that the RH shoulder of a glorious H&S pattern hasd formed and the neckline at $89 once broken gives an initial target of $80 or AUD$800 gold. Whether this plays out exactly as above is pure conjecture but the AUD$ is horribly over sold and the US$ is topping out so expect to see some strength in the AUD$. The aussie goldies are sitting at strong support areas at the moment and the EURO has strong support in the 1.43/44 area where technically it could rally from. Short term I expect the Euro,gold,AUD$ and gold stocks to rally from over sold positions whilst the US$ takes a breather!