6:06AM PDST

Nothing is looking good for gold at the moment... The dollar has been "re-goosed" back up to .7610, with the recent high at .7630.. The Euro is fading again. Oil is down in the 115s Dow is strong at 11692 before the pit opening in 20 minutes. Bonds are in the 116s, with no particular rhyme or reason to how they will trade. Gold is sinking just below the 75% retrace point (see charts) and showing no big volume on any short live rally. This could be the "beyond reason" gold dip that has preceded the last three or more years' big second half of the year run up to old highs, or even beyond the old high... Just prepare yourself for what you will begin to think is the end, and.... just when you want to give up and sell your gold... is exactly when IT WILL GO BACK UP...AND BIG TIME....! Leaving you even crazier, because now you don't know if you should buy back in or wait for a pull back (that never comes) and the higher it goes, the less you are willing to buy in for full of the pull back (especially traders on margin !) Just know YOU CAN'T CALL BOTTOMS! But you can buy NEAR bottoms!