Hi brutus

It is apparent that we are approaching a negative crossover point on the smaller MACD indicator chart, under the gold one. I have observed that when crossovers look to be taking place there is most always an anticipation move that develops. When a crossover actually takes place, there is a great tendency for the commodity, or whatever, to follow suit.

Basically, gold moves in time waves like anything else. Now it appears it has entered a period of stronger down waves within its major bull market. I interpreted this when the $1530 or so level on the metal fell. Gold has just finished an up wave, sort of speak, and now it's turn for a down wave.

To be honest brutus, I'm not that smart to know where and when this new series of suspected stronger down waves ends. Martin Armstrong says 1310 needs to hold if we are to get back in gear setting the stage for all-time highs again. Of any commentator concerning gold's probable future short term price, he has earned my respect by calling it the way it is rather than the way some folks want it.

I love gold and silver and that's who I am BUT in order to be free of market stress I need to accept what is. It is what it is.