Gold and mining shares. Caution.

OK. So gold dropped below 1,300 as forecast by the formulas of the Edelson Institute. Time to line up the trucks?


Caution, advise the same people. Gold will now trade between 1,275 an 1,300 for a while. For how long? Unknown at present. The formulas predict the big rise in prices in early December. But, it could easily happen in November. Meanwhile, gold may drop below 1,275. The FED can shovel in some confetti and drop the price $10-30.


On the upside, a close above 1,375 means that gold will reach 1,700.