Not yet, but very soon. We are currently trading on spot gold at my price objective($855) from my top call gold $900oz+.I will be covering my AUY & KGC shorts tomorrow which have minimized my gold losses. I will look to start covering my short costs if the Dow looks to be closing the day down more than 1000. I that point I will cover my costs and let the profit ride.. It feels quit amazing to be sitting on large short positions headed into what I have been predicting for over 3 years.. If you currently do not own physical gold or silver bullion, I would suggest you consider scaling into a position over the next 5 trading days. I expect my bottom to come at any time this week. Some of the deflation theorists are calling a long term top in gold. Watch and learn my friends, you have no idea what is about to occur.
Note, the “Black Swan” will be the OTC derivatives and their performance based contracts that never perform. Their are $400 trillion plus of derivatives world wide that are at the mercy of this meltdown in otc derivatives. The fed will be forced to act aggressively out of total despair to keep our financial system from utter ruin. You will know the White Squall has hit when the masses are out on the streets panicking to get their $$$ out of US mainstream financial institutions. That’s right folks we have a massive old school Bank Run coming to a city a near you..




(10 votes, average: 3.6 out of 5)

I was wondering when you’d show up
Gold could test 825 this week on a cleaning out of spec longs.
All assets will get caught up in the selling.
Gold almost can’t sell down with a 75 bp cut.
Money is too cheap.