Looking at the technicals. These guys are staunchly saying "not yet for gold" - no matter what the fundamentals.

Though, I just can't ignore what the Fed is up to. The G-20 meeting might reveal a new currency, as well. So ignore the fundamentals at your own peril.

That being said, Wood has been quite accurate in his assessments. Best to do is average in.

Also Prechter said Gold is going to SOAR after this next leg down