Gold's Next Leg Up is Coming Soon!

Gold will continue to follow trend, as the "consolidation" has ended. I don't believe this was a consolidation at all, but simply a jump too far off from trend. We are now right back on the typical Gold trend of sustainable growth. My guess is that we will again jump off the trend, and will have to drop back down.

IF gold drops below trend, don't expect that to last too long, I'm definitely a buyer at 1500 levels. 1480 would be a steal at this point, and I don't expect we re-visit these levels unless major events happen, such as a really great US-China deal. If it does happen, I'm still a buyer, because it seems these deals always fall through, and even if they don't, it will mean China has more money to buy gold.

New Summary: The FED has indicated they will print more money (QE4, REPO), they are planning to boost inflation and are not afraid of it, and are not planning to raise interest rate any time soon. This has sparked new interest in Gold, and along with the fact that the trend line is being followed perfectly, I see no reason for gold not to continue it's rally.

TP: 1520-1530 By Dec 1st.