The "end" will NOT be what you expect.............frm Rico

What a week!
- Gold ended down about 2% on the week and Silver down 4%, with Gold sitting right on it's 50-day MA and Silver just below it's 50-day MA.

For those who are 'bloodied but unbowed' expect Monday to be ugly too!
- The spec sheep will run to the wrong gunnel of the boat, and Gold may drop to ~1700 and Silver to ~31-31.50.

BUT the END is near...it's just NOT the end you'd expect.
- The trade will reverse in a few days and Gold will chase 1800 and Silver 36, ultimately moving higher still. It's fairly predictable, and many will get 'caught' wrong-footed and on the wrong side of the boat. The trick is to remain calm, stay relaxed, and ignore the short-term 'noise' (remember Kipling said something about keeping your head when all about you are losing theirs).

I am staying long, and playing the LONG game to the end.
- The SHORT term pain will eventually be over with.

1. Gold cannot be printed. Not like prettily-engraved linen strips nor electronic bytes of 101010101010.
2. Gold is the direct reciprocal of faith and trust in Central Banks.
3. Now even Central Banks distrust one another.