You are SO correct from where I stand, Thanks.

While technicals should not be ignored, their significance in predicting as to what, and when, is going on is much diminished.
The manipulators have the reigns in their hands until they are yanked out by some cataclismic event.
Where I would differ slightly is with the time scale.
Time for now has been moving more slowly than we expected. I for one had expected way back in late winter that the Looney would reach $1.20US while ignoring Harper's policies and the new BOC governor, whom I now blame for putting on the breaks.
Just last week I thought today's and yesterday's down turn in gold would have happened Thursday and Friday.
So while being confident as to what will happen, I am very shaky about the when.
Oh well, keep up the good effort.