MacNeil Curry: More Downside in Gold Before Screaming Bull Market Resumes

WSJ - Bank of America Merrill Lynch technical strategist MacNeil Curry is saying there’s a lot more downside left before the screaming bull market resumes:

The past 3 sessions has seen gold do an about face, selling of sharply after making new all time highs. While the volatility has been extreme, it is not without precedent. Indeed, the recent advance and reversal is enormously similar to the breakout and reversal seen during the spring of 2006. This would indicate a return to the 1576/1462 range before renewed stabilization and an eventual resumption of the larger, ongoing secular bull trend.

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Gold: Is the Selloff Over? (WSJ)