"...the scenario predicted by Cycle Theory is still in effect: we will have a rally in gold to maybe 1,300 and the Stock Market will continue to rally. Then ,when interest rates are raised (and some in the Fed promise a large and fast rise), the Stock Market will collapse and also the economy. The price of gold mining stocks will tumble along with other stock prices. At some point, gold mining stocks will begin another rally, as the FED panicks and drops interest rates again, and gold prices will then move past 2,000/oz. The Stock Market will not recover untill the Obamabots are gone from power and Capitalism is re-established in 2013,..."
Let's check the facts:
Here is the S&P 500 today. It is up.
And here is the dollar. It is down as expected.
And here is gold. It set a new record high today, on the sixth of October.
I think gold will not move much tomorrow. It is getting ready to pull back a little.
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