Notice that at this level, gold is making higher
lows, even though there is a potential H&S pattern
which resolves down.
The stock market has CRASHED and will continue
to fall. Bonds are falling, as they should.
Why the Euro sold off during the gold spike is not
clear to me, unless people are just fleeing all paper
currencies into gold.
The 3PM re-open of Comex gold in one hour will
tell us much. If it spikes higher, it going to explode
overnight until it gets near $1000, which is not that
big an obstacle now, having been crossed substantially
already...It's not foreign territory anymore...
Above it is...and gold will test all round numbers higher
than the old high at $1048