Our non-Proj Aug Headline #7 said: \u201cGold market falters again. Slides in intraday trading.\u201d<\/p>\n
We have our fulfillment here, but the question still remains\u2026is this it? Recall that the linguistics was much more ominous than our predictions, and it got a lot of people worried. The timing on it was roughly one month, probably diminishing likelihood after about August 31st<\/sup>. When reviewing the news, remember what the lingo phrase said:<\/p>\n \u201cFinished gold bar system known acting crash totally\u201d<\/p>\n Gold price plunges to 3-week low of Rs 28,280 per 10 grams<\/a><\/p>\n PRECIOUS-Gold hits 2-month low as dollar gets boost from Fed<\/a><\/p>\n Gold extends losing streak, trades at 2-week low on strong dollar<\/a><\/p>\n http:\/\/www.bloomberg.com\/news\/2014-08-21\/gold-heads-for-longest-losing-streak-since-june-on-fed-minutes.html<\/a><\/p>\n http:\/\/online.wsj.com\/articles\/gold-wavers-ahead-of-fed-minutes-1408544000<\/a><\/p>\n <\/p>\n Keep in mind that we had an additional linguistics overlap this week. We saw the phrase \u201cGeneral gold leg broken<\/strong>.\u201d Plus, dreamers are still unusually fixated on gold. The number of hits is right about double its all-time average.<\/p>\n This is not to say that gold is surging like \u201cDallas,\u201d though. Gold increased almost 70% from last week, but that\u2019s not terribly unusual.<\/p>\n But if we combine this data (the fact that dreamers are in fact fixated on it, and the lingo has \u201ccrash\u201d and \u201cbroken\u201d two weeks in a row), then I\u2019m personally expecting at least some substantial downside.<\/p>\n If we take the lingo literally\u2026look out. I\u2019m not willing to do that just yet, simply because the gold word isn\u2019t fitting our definition of \u201csurge.\u201d<\/p>\n We\u2019ll keep an eye on it, just like everyone else\u2026<\/p>\n Probably the bigger news here is that this latest gold fulfillment gives us a direct hit on our non-Proj Aug headlines, which puts us at a whopping 91% success rate<\/span><\/strong>. AND we\u2019re not looking at a paltry correlation score either. Our average for all scores is 4.3 out of 5, which is pretty amazing, at least to me.<\/p>\n From here on out, we\u2019ll be transitioning to a 3-score system. The 3 numbers represent WHAT-WHERE-WHEN and will look like this: 3-4-4 (for example). The highest score for each three numbers is 5 and they’ll be no decimal points. You can view the new scoring criteria here<\/a>.<\/p>\n <\/p>\n<\/h1>\n
Gold hasn\u2019t crashed (yet)<\/h1>\n
This Week\u2019s Lingo<\/h1>\n
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The Bigger Picture<\/h1>\n