Prelude to Stocks Disaster and Gold Opportunities

Kitco - Commentaries - Gold Pressures Re-pricing Of Assets: "Gold’s March 2006 Directional Signal
At this point, we remain close to the June gold futures top of $574. If this resistance is broken on the upside, then we will be persuaded the trending move was sideways not down and that gold is at the inception of the larger rally for 2006 which should continue to the winter holidays. If those June gold futures slide under a $540 closing and hold, we should expect additional selling to $526 and then perhaps the $503-$509 range.
To describe my methods I would say we are about 80% technical and 20% fundamental. In our view, both must work together for mutual advantage in determining optimum market answers. For now, gold charts are showing mild signs of strain and selling (weekly charts) as gold futures prices continue to hold a higher range mostly trading sideways. The HUI, XAU and GDM stock index charts are more pronounced in their saying to sell. With this as a back drop it my job to determine probabilities and provide answers for each one of them.
At certain points on charts we can safely say price will only do two things. For now, gold can easily do all three including buy, sell or go sideways. We are constantly watching not only most all the precious metals futures and stock prices, but their relationships with currencies, bonds, and other major markets which provide correlation if you know what to look for and can compare them.
I follow a small group of five market analysts, which in my view are among the best in their field not only from experience but from proven success. I carefully listen to all of them and monitor their efforts but in the end, I personally decide where things are headed and what I’m going to do to protect and advance our readers and clients. All of us have our own evaluative ways, many of them being "