Well would you? Or would you wait till $1021ish? What's everyone's long term outlook on Gold?
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Bought some minis last night, sold them this morning, the tape doesn't look like a strong reversal pattern, looks like a second correction, one more leg down. 1020s or more likely 1030s is a strong buy. Next leg will complete the first cycle of the bull market from 2001 and be a spectacular blow-off, 1350 at least, maybe 1500+. Then the deflation comes, the credit instruments leveraging the price of gold will have to unwind in a blood bath and the buying opportunity of a lifetime – in the physical – will emerge at perhaps 850, perhaps lower (though if you're buying with no leverage, who cares if it drops $200?).
After that, the sky is the limit. This system is in the process of shaking apart, that's the underlying reality.
My neural net models for timing gold show that the $850ish level is the sweet spot but $1020ish is good buy too.