mars the "trigger" into capricorn where it is exalted gold goes to 1543 i am waiting to see the structure of this advance i am looking for 1596 or 1584 as targets for this advance. then my best guess is a retest of the lows. what the government/fed is doing is similar to what i have been waiting for expecting all these years. they are no longer the lender of last resort , they are the buyer of last resort. how much money they create will determine if this is stagflation or hyperinflation. i am in the stagflation camp.
as gannman said above gold is the thing to hold. the other areas of the sector will gain life. this all makes me sad. life here has changed so quickly. bombed out shelves @ the markets.
Perhaps we just saw the test of the 1451 area, a W bottom.I believe that the 1450 area was Armstrong's first level of support that he suggested a few months ago, followed by the breakout of 1362.