Thanks Pic for the interesting and insightful cycles commentary. I read Armstrong's latest piece and it's left me salivating for much more, from both you gentlemen. Combined with the rare hint from Sinclair, this precious information based on yours and their lifetimes of study has given me a much deeper understanding of how Gold cycles in particular, function.

At any rate, in case you're wondering....... the next key turn date in Gold is fast approaching - at least based on the predictions of my developing proprietary model. Set your clocks folks for Friday June 24, plus or minus 3 trading days. We've had a good run since the last turn date of April 08 and now it's time again for Gold to ..... (drum roll please) rest and regain strength until mid-August. Not unlike the April 8th prediction, the June 24th key date should also be accompanied by the breakdown of a dominant trendline. I'll be watching it very closely and update this post in the days ahead based on that expected development. Additionally watch for the Cartel to use the June 24th date to their advantage. It affords them at least 1 week to play with the Gold charts before announcing QE3. Hmmmm. Food for thought for traders.

I hope readers understand my unwillingness to give an exact date for the August turn point. I've been working on this model for years and frankly don't want to give away enough details that could be used by some mathematician to reengineer the thing at little expense. In the meanwhile, I'll be on the lookout for word from Sinclair confirming the mild period of weakness about to be entered into. I expect he'll hold off giving a signal for a couple of weeks, to avoid giving the Cartel any more ammo then they need (see my comments on turn date timing with respect to pending QE3 announcement.) Coincidentally, Seasonals again agree with pending weakness as July tends to be negative for Gold ....... similar to the manner in which the Seasonals agreed with my model in predicting a sideways-trending March. Off to feed the begging chipmunks........

ESL