In the mids of this chaos, I am looking for people that give some guidance regarding bottoms, turning points etcetera. Jim Sinclair has always been the best reference for the big picture. When he says that we are in that accordeon move, I expect that 1700-1720 gold will hold intra day and that from there we will head higher. I also studied Martin Armstrongs piece on gold from September 16. He expected Friday 16 to be a minor cycle low and 23/9 to be an interim top. If 23/9 would be lower than that it would invert and 23/9 would be a minor cycle low. That was the weekly picture. What seems important is to have a weekly close for gold above the 1730.

I am sure that Bigpic can explain all this much better, but optimistic as i always remain, I hope for a trend change tomorrow and some good two weeks after that with Gold and silver showing their safe haven status in spite of all turmoil.