"Thereafter gold is released to the upside which will be a minimum of $3,500," says longtime bullion authority
You wants dates? OK.
The bet on the short of gold
side is that the Sequester takes place. I have felt that the gold
market's longest period of reaction possible would end on my birthday, March 27th. That puts it directly in place of this wager in time.
Regardless of whether or not Sequester occurs, I stand by this timing assumption that I have held since this decline started.
Many who I know and asked me in private know this statement to be true. I know that this is read by just those that are at the heart of this decline.
The earliest date of the end of the decline is the 28th of February and the longest period of pressure is until the 27th of March. Thereafter gold
is released to the upside which will be a minimum of $3,500.
Defend yourselves because today was a wager on the Sequester occurring. Regardless, do not give away your position in either gold
or shares that are fully paid for. Margin is madness in gold
because the volatility is only starting.