Click here for Alf Field’s thoughts on gold via Jim Sinclair’s website. We are still in the long term 3rd wave to $3500, but Alf looks at some minor waves in the link.
Update 1-4-13: Alf suggested in the above link that a dip below 1636 would render the analysis void. We dipped below 1630 prior to open this morning (1-4-13). Let’s not discount Alf’s conclusions yet. The shorts read Alf too. Let’s see if those lows are sustained for more than a few hours prior to a NY open.