Epic Fail in Gold and Silver! My analysis is obviously incorrect. Gold down to 1684, silver down to 32.25. At this point regard all my previous counts and analysis as null and void, except for the 3/10/20 ribbon at this time.
The currency markets are not responding in kind with this move in Gold and Silver, so the move is likely fear based capitulation on the part of long side investors.
However, Stocks, Crude, Copper, Palladium, USD, and cross pairs EUR, GBP, AUD and CAD all moving as anticipated, as the deflationary juggernaut that I warned of has crashed through the door. Gold and Silver are now added to the victims list.
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