Gold is cracking $1,300 as I pen this issue at 8:25 am EST. There will probably be a small bounce …
But the fact that gold is now under the previous low and cracking $1,300 within a few days of the forecast low is very bearish and may indicate a cycle extension.
The dollar, meanwhile, is soaring as the euro tanks.
Hold all positions and stay tuned. I will keep you updated.
Best,
Larry
