Anyone understand what Martin Armstrong is suggesting by the last line below...."nuts on Sep 5th" ?
"The closing yesterday
BELOW 1780 gave us another day of selling but gold held so far the 1730 number for the close. Gold crashed and burned falling to 1701 flirting dangerously with the critical daily closing support at 1730 and we are not out of the woods just yet. A close below that or perhaps a break BELOW 1700 and we are off to test the main critical area of support on a weekly TIME level at 1605 an 1612. This is a very tight range. A close below 1605 will warn we do have a correction on a sustainable basis. A closing ABOVE 1618 will be neutral and to stabilize gold we need a close for the week ABOVE 1685. These are the weekly number to watch for Friday’s close. Therefore, if we hold 1685 tomorrow, we can stabilize briefly, and then things start to go nuts the week of September 5th"
.
