Big Consequences

Little things lead to big consequences over time.  What Bernanke didn’t say at Jackson Hole fall into that category.  The gold market has had a big run since April based on fear of many things.  The run started in the 1470 area and topped out in the 1900 level, a run of 530 points.  My longterm view is that we will see an equal and opposite reaction from that 1470 swingpoint (1900 less 530 times 2) or 840 before we see moves above 2000.

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