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<p>[QUOTE=&quot;GoldFinger1969, post: 26493830, member: 73489&quot;]The TA guy said that you can&#039;t be that far above the 200 DMA.&nbsp; A correction is normal.</p><p><br /></p><p>Had we had corrections along the way the last few months, we wouldn&#039;t have been 28% over the 200 DMA and then wouldn&#039;t have needed to have such a vicious downswing. </p><p><br /></p><p>We can have a sharp correction down about to the 200 DMA (down over 20% or $800 to about $3,600)...or...we can let the 200-day &quot;catch up&quot; by spending time above $4,000 which would be very bullish.&nbsp; <b>We can correct the overbought condition either through a price drop.... or a pause involving time and/or a price decline.</b></p><p><b><br /></b></p><p>Has anything changed fundamentally ?&nbsp; No, not that I can see.&nbsp; CBs are still buying....SWFs are still buying....BitCoin hasn&#039;t taken off.</p><p><br /></p><p><b><span style="color: #b30000">In 1980, gold peaked when Volcker and the Fed targeted inflation.</span></b>&nbsp; It was a HUGE change.</p><p><br /></p><p><b><span style="color: #b30000">In 2011, the ECB President said he would do &quot;whatever it takes&quot; to save the Euro.</span></b>&nbsp; The end of the EU/Euro experiement was off the table.&nbsp; Huge change.</p><p><br /></p><p>I see nothing like that so far.&nbsp; We have barely corrected 10% intraday peak to trough.&nbsp; It&#039;s a wicked correction but basically on no/little news.&nbsp; We&#039;re back to the levels of 2 weeks ago, tops. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie100" alt=":wideyed:" unselectable="on" unselectable="on" /></p><p><br /></p><p><i>Plus, do you REALLY think the markets would help me out by letting me get my gold coin at FUN 2026 on the cheap ? </i><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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