Gold Bull, Dollar Bear Still On Track

But the dollar could rally considerably from here and gold could drop $50-$100. The miners would be left for dead if that happens of course, with many returning to their all time lows. Amazing when you consider that we'd still be looking perfectly healthy and normal on the gold chart. Asa I've said several times, this thing isn't going to come alive until that neckline is broken to the upside. With rising rates, gathering inflation and a faltering stock market, I firmly believe the stars are aligning for gold. Whether we drop as far as the charts say is possible, I'm not sure, but my sense is that we'll be clear of $1400 in the next few weeks (by April/May). I still expect to see $1500-$1550 this year.