This is underscoring a post I made a few weeks ago.

No amount of charts, TA, elliot wave analysis will let you know where gold is going. It is managed by the big boys and there's nothing you can do about it until something breaks. This is not simply supply and demand fundamentals, the price is being managed for a reason that the small man on the street will have absolutely no comprehension on.

So good luck to all gold investors. There will be one more wipeout and it will be painful. If you've held on til now, its almost over. If you have no gold, get ready to back up the truck.