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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 421.32-0.5%Jan 16 4:00 PM EST
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To: TobagoJack who wrote (93893)8/26/2012 10:09:26 PM
From: bart131 Recommendation  Read Replies (2) of 219455
 
iow a replay of the late 70s' gold correction from 191 back down to sub-100...

The chances of that occurring now are much lower than they were just a few months ago. It's looking a lot more like early 1976 to me currently, given that my work shows that velocity, total credit and M3 have bottomed but have not been recognized.

That doesn't mean that we won't see a fast spike down even below $1500 to shake out weak hands, just that $1000 or even $1300 is *much* likely than I thought early this year.
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