FWIW, I have potential targets lower in the event the deflation story begins to really get out of hand. But they are not the favored scenario and I think Adam does a good job here of calmly just breaking down the situation.There is nothing but nothing in the TA which shows gold's imminent demise, beyond a normal correction. People were very bullish but "the reality is... the markets are the markets". Where have I heard that before?
