
How this breakout will develop will eventually rely on the direction of the DOW.
The equity market appears to be almost at the top of the "B" wave of the 3 wave ABC correction after our bull run early in the decade, the next stage is a fall in equities back to test the lows of March this year.
If we do see the markets falling back to those lows, this time with the threat of inflation to come the money coming of the markets could well transfer into gold.
Its the only thing that has not collapsed throughout this turmoil. US government manipulation and interference will not contain its progress as the FED can no longer deceive the world of its predicament.
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