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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (15060)	11/6/2013 11:47:39 PM
From: skinowski	1 Recommendation Recommended By ajtj99 Read Replies (1) \| Respond to of 33421

I'm not sure what's the answer. Gold..... between the great bull market in prices, and then the decline, and ever growing concerns about the "infinite borrowing" by the government, and the Fed being such a willing co-conspirator... no wonder that it is an extremely emotional market. It could be that the many newly available vehicles contributed to the volatility. But then, otoh, the 50% retracement of the great 10 year bull market would place us.... approximating and counting in my sleepy head... not far from 1050 or so. Emotions aside, it's really not unusual. I would like it if the metal would be confirming the Big Flat on $HUI, but that's not happening. Eyeballing the weekly, it looks like an ABC-X-ABC of some sort, from the 2011 top. The last C down may be still pending.