Gold made an ABCD against previously posted bearish area.

Just waiting to see if anything happens on the European open, then I'm done. In the meantime:

http://armstrongeconomics.com/2013/10/07/how-empires-nations-city-states-die-we-seem-to-be-right-on-schedule/

Well, like I mentioned, this area extends down to about 52. If they don't pick it up in there, it may head to the key level at just under 1600. I think they will have lots of 'news flashes' that will snap it up hard, though. We'll see. It's some exciting stuff. Hard for me to get to bed...

TL violation and then reversal?
Top grouping of my CFD corresponds to 1674 ES level.

Okay, are they going to do the second leg now? Looks like it.

2-tick game?

ready to move......looking to the next lower area......geometry of three swings pointing to 166.50 area

Yeah, rat, exactly.

Interesting article, but I'm mostly posting it as a reference for this one quote.

"Iceland went through a similar deflationary event to that risked in the US today when its banking system collapsed and the currency halved overnight."

Now, wait, during a deflation their currency got cut in half? No, hold up, wait, all I've ever heard is that during a deflation cash is king, it's super rare, and its buying power increases. Yeah, uh-huh, that's what really happens in the real world. My money gets me more stuff. Uh-huh. Deflation and less buying power. Makes sense.

http://www.zerohedge.com/news/2013-10-12/gold-debt-ceiling-and-fed