This is a great site, and I love the freedom of information. Things are shaping up for a big upmove in gold. I wonder if goldrunner sees any fractal analysis to help guide us through the next two months , I mean do we expect a may/june sell off this year on seasonalities or do folks think this bull is just going to run. Sinclair sees things going higher:

Big Smack Attack on China Ill Conceived

Author: Jim Sinclair

The “Sneak Attack China Tariff” is the “Event of this Week” - maybe this decade.

Nothing more important has happened in the gold picture than today’s out of the blue news concerning what could be the first shot into the bow of the Good Ship China by mind-challenged politicos inadvertently seeking national economic destruction via lack of economic understanding and adherence to buying their constituents support at any price.

Nothing speaks louder than the action of the dollar at the release of the news of the implementation of tariffs against Chinese goods.

There are powerful groups with vested interest in not seeing a collapse of the U.S. dollar who stepped into the dollar fray at the low, simultaneously using COT brokers to offer gold in a “Crameresque” way. The dollar steadied at a miserable and quite dangerous low (I see Dan Chart). That client of COT is the Exchange Stabilization Fund which is no fund but simply an account run by the president of the U.S.A. or the Secretary of the US Treasury or whomever they may appoint.

Powerful or not, the U.S. dollar is headed to what we shall call the “Lars Low” (see chart) as a minimum price objective.

When the history of the Great Gold Bull Market and the fall from grace of the U.S. dollar as a reserve currency is written, today will mark the final bullet into the body of the greenback before it fell off the cliff of acceptance.

The battle royal is far from over. Today’s event should give you the courage to become an active 1/3 trader in the gold market itself, assuming you qualify to trade there.

winedoc