Posted Oct 4, 2012 by Martin Armstrong
Gold is still in a position to press higher. Next week remains a target for rising volatility and the week after a turning point. The numbers are the numbers. We need a weekly closing ABOVE 17997 to signal a retest of the old high. But gold is not yet ready for the breakout. That appears to be next year and 2014 will mark the beginning of civil unrest on a more global scale. As long as gold failed to break above the 2011 high this year, then the pause (correction) is intact and that extends the cycle for a final high off in 2017 with the potential to go to 2020. Things start to come unraveled next year after the summer and a Phase Shift appears likely within the economy between 2013 and 2015.75.