What's happening with Gold?

[Paint Your Wagon]

Whatever happens I expect the daily swings to be horific and the weekly swings murdering

Well the peak is in and the murderous swing has started right on schedule .

Now we wait painfully hugging our computer screen despaying the worhtless pictures of nearly worthless coins   

As I expected the correction will be brutal and 840 gold is not out of the question . When my chrystal ball clears from abuse I may see more

[scottishmoney]

I think $800 gold is not out of the question.  Frankly it was due for a correction, even a dramatic one like a 5% drop in one day.  Notice that silver is falling even more precipitously.  There is chaos in all markets, commodities, securities, stocks etc.

But like all corrections, it will be offset later on.

[Paint Your Wagon]

On the goldforum I can say what I think since nobody believes me anyway

I bought Anglogold today and am looking at a correction that will not stop before april 1st , we may have the classical abc form down which means a false upmove any day now as b wave but some shares may be weeks ahead like Anglogold

Time and slow stochastics are more important then price

So I do not know where gold will go but as a working hypotesis I will take after april 1st with monthly stochastics 6,3,3, at 60% or lower
and weekly and daily at 20% and 840 to 900 as possible bottom