"TD: Gary, if we were to test that $1000 area, how quick could that happen and how quick could it recover in your opinion? GS: Well, I’m of the opinion that it’s going to happen. I mean – the manipulation has begun again. We saw it last week. It’s pretty obvious it started. So I’m assuming that we are going to test that $1179 low during this intermediate cycle which should have about another nine or ten or eleven weeks to run yet. Like I said, if they get it anywhere close to there, you can bet your bottom dollar we’re going to have another overnight hit that’s going to break that and people are going to wake up in the morning with their stops triggered. So I think we’re going to get that bottom sometime this fall, maybe within the next eight to ten or eleven weeks. We will get that bottom at the $1000 level – they’re shooting for it. I think there’s a pretty good chance they’re going to make it, so that’s where I would go in and back up the truck because I think that’s where the shorts will cover."
Posted on: Fri, 20 Sep 2013 00:36:11 +0000
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