7:55AM PDST

Gold has now formed a very short term UP FLAG off this recent low. up flags resolve DOWN... however, this little up flag is within a larger Down Flag that resolves UP! The volume controls everything right now... NO VOLUME...NO TREND! However, again...if gold is slipping down more and more, then the low volume accumulates and defines a DOWN TREND! Until there is a substantial volume to the upside that continues for, at least, two see saw legs up, and preferrably three or more... I wouldn't call a bottom in gold... Too many times I have seen this scenario and gotten wiped out believing that gold just could not go any lower! AND I DID! AND THEN DID IT SOME MORE! So just cool your jets and go into waiting mode for a juicy buy in point... OR... If you have the funds, just keep buying more and more CASH GOLD COINS at intervals on the way to the bottom, and "average the cost" as the price of having gotten better and better prices overall... This is how the Big Boy do it...and that's why they're the Big Boys!