GOLD TRADER: “THIS ENTIRE CORRECTION IS THE MOVE THAT SEPARATES THE 2ND PHASE OF BULL MARKET FROM THE BUBBLE PHASE!”
JULY 15, 2013
“If the dollar cycle has topped on week three like I think it has, then gold should deliver an extremely powerful rally over the next 4-5 months. If the dollar tests the 2011 lows during this yearly cycle bottom I think it’s completely reasonable to expect gold to test the all-time highs at 1900. A 700 point move over the next four or five months would certainly reset sentiment and set the stage for gold to move into the bubble phase of the bull market as the currency crisis in the dollar begins to develop next year.
I continue to believe that this entire correction is going to turn out to be the corrective move that separates the second phase of the bull market from the bubble phase.