[GLD] update

The model from the backlink is below and the portion circled in blue suggested that wave D of a HT would likely unfold.



It's not clear to me from the current snapshot below if all of D has completed so I will look for an AM sell off to buy something golden into in anticipation of a mid day reversal.  A move lower than red B busts this model and says that black 4 is already in and black 5 is unfolding.

Folks this is an exciting time IMO.  There have been no M+M rallies since 2011 such as the one that is likely going to unfold when black 5 finally terminates.

BE READY.

Be patient.

The bear is long in the tooth.  Stalk it down.  Bear markets never last forever and sentiment against gold has never been so extreme.  All that will change in an eyeblink, probably sometime in January and for some new "fundamental" reason the CNBC pulls out of its ass.