Barry Stuppler

Back in August with Gold running to parabolic wave 3 sentiment induced highs, I warned of a major top and multi-month correction.  We all know that the fundamentals for the shiny metal are stronger than ever, but you must keep in mind that the market prices all that in well l in advance.  Coupled with excessively bullish sentiment that was capped off by a USA Today cover with Gold on it, it was easy to see a major sentiment correction and therefore price decline was at hand.

If we fast forward a few months from my then blasphemous call for a top and multi month consolidation, we can see that Gold has ....

GOLD Last week was excellent for Gold investors with the price up $65 (3.7%), closing at $1,751.30 per ounce on Friday.  Gold trading last week ranged from a low of $1,686 to a high of $1,767 per ounce on excellent volume.  The Central Bank of Korea reported the purchase of another 15 metric tonnes of gold in November, in addition...