So, although I see almost no chance (okay, perhaps one in a million) that this will open anything but up, and then rush up even more, I'm watching 1233-34 if this 1240-41 (Friday's low was 1242, close enough given that 40-41 is the center of the area, not the entire area) doesn't turn it. Like I said, though, it's Sunday night, so it should gap up and run, right?

One scenario is they bring it down a bit more, and then QE3 is announced, along with more Euro bailouts, and then we start Carl's march well into the 1300's, and then beyond. I think they will print until the collapse, as I've always said, and printing almost always leads to higher asset prices. (The value usually declines in reality, but the 'repricing' in devalued dollars has a higher number, like when Zimbabwe went into hyperinflation and in Zimbabwe dollar terms their stock market was the highest performing in the world (from a percentage standpoint)).

So, I think it is just a matter of does it go straight up from here, or do they bring it in a little first before all the additional intervention drives it higher. They may also bring it up a bit, and then down into the early AM, to get better prices, and then up tomorrow. I've mentioned that game in here frequently, too.

Got gold???

And it launches, as if by magic, off... drum roll... the GZ.

Still, watch the possible bearish 'W2' ABCD here at line. I think it will be a 'W3' not a CD leg, but we'll see.

'W3' and 54 and change next?

Or could this be the 'W2' bearish ABCD scenario??? Could it go down into the close on a Friday on a big up day???

You know what I think the odds favor...

Now that's curious. One of the more curious things I've seen in a long time.

Is that nuts action, or what? Just purely insane. Makes me wonder about this area... Why the insane action?

Now 54 and change in the after-market???

And, drum roll please... right into the after-market close they hit... wait for it... oh, the suspense... 54.75. How did he know this? How??? Get serious, how is this possible?

Originally posted by jimkane

Now 54 and change in the after-market???