There are a rather large number of forecasters who have articles on Jackson Hole Meeting late August being a trigger for the start of a 6-8 month gold correction. i.e An advance in stocks on the illusion the European SDC is fixed. (Basically the last wave 5 up) The media will continue to set a mood of panic and doom and gloom until then.
Gold's target according to many is between 1730-2000 before 2011 peak around August 28th. We have hit 1800 with 2 weeks to go so it seems feasable.
I am basically out this week until late August when we get a little more direction. On the sidelines with maybe the odd trade here and there.
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