I’ve been saying that gold is going to bottom somewhere north of $1,000 per ounce -- my guess is around $1090 or thereabouts.
Follow The Kooks
It’s continuing to weaken, and SPDR Gold Trust (GLD) is my largest short position. Paradoxically, I think that after such a nasty tumble, it will soon be time to follow the kooks to the glory land of Real Money and load up.