Thanks for chiming in at this important juncture Pic. Gold has performed flacid like since the late Oct bottom. The EGM model has only bought 2/3'rds of a trading position so far and in fact Gold is showing hints of rolling over way too early than expected. Gold had better bottom quickly and return above $1750 within the next 2 days or the EGM model will trigger a sell of half the trading position bought thus far. One reassuring sign is today's bottom was a gross exaggeration brought on by the Hedgies over-selling on a negative x-over of the widely-followed macd(12,26,9). Despite this trouncing the technicals clearly say there is ample support remaining at $1725 for several more days. Gold should bounce from here in the overnight markets and probably close within the all-important $1750-$1764 range before the weekend due to the precarious situation in Europe, not to mention being within a whisker of Alf Field's Wave 3 of 3 rocket launch (wasn't that an amazing piece of wordsmithing!)