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Hey Aquarian1, what's your call on PM's for the next week? I just spent my morning listing to all the experts on gold and silver and I feel even more excited than ever about trading PMs for the next year or two. I REALLY enjoyed James Dines interview available over at Eric King's website. Great stuff!
I have my trading plan in place for next week based on the more downside-slide thesis, and hope i get a chance to execute it. Can't wait for Monday.
I'm behind schedule this weekend and didn't get a gold update on charts done. However, I think I posted that the action around the 1450 level would be telling. As it closed below 1500 that is hard on the bulls. Perhaps a bounce to 1507-1515 to pull out the bear stops and bring in the baby bulls and then down toward 1450?
I hope that helps and basically yes I feel the downmove is not yet complete until and unless it can bounce off 1450.
Your story is tracing gold's move so far, trading up to $1,507 this moment. I agree with the downturn call also because i feel this a grande battle at $1,500. We can expect to see some blood.