Nadler’s been saying this for quite a while though. he’s a strange mouthpiece for kitco, the website he appeared on. kitco’s a gold dealer; they may be trying to gain credibility by putting up a bearish voice as a headline article, or they may be trying to generate some sales to kitco (they buy and sell). And the thing about this sort of cyclical “wave” analysis is that it has nothing to do with fundamentals. In other words, if the facts are really different this time, none of this wave stuff means much. course it may be just part of the natural ebb and flow of the financial system. course, may not. gold had a long, long downward stretch (17 years). it only started to rise about half that much time ago). i just don’t know. things may actually be different this time. at some point, things change radically.