Yes, ChrisJ has been exactly warning of this gold breakdown when it was slightly above $600. Also, he mentioned $574.5 as support, where it exactly bounced the first time (How did he know? Is he the biggest player in the gold market, haha?). Now it broke below $574.5. Does this mean it will go lower and that it will take a long time before it goes above $600 again? I am not acting on any of this, since I don’t see any value anywhere else to put my money. But I am certainly curious how one can so well predict these trading rallies.
Regarding the stock rally and bonds accompanying it. Yes, after the fact we can see that both went together, but how could we tell that bonds would rally so far in the first place? Trust Bill Gross more often? Going forward, would a break in bonds signal that the stock market rally is over?
