Eric De Groot writes:
"Gold follows an A(minor up), B(minor down/consolidation), C(Major UP), and D(Major DOWN) cycle. The last major buy signal for gold came July 27th 2012 after the D-wave "hook". This buy signal is marked in the chart below.
"We're in the middle of an AB transition, but today's aggressive selling in the gold shares sector suggests that a large number of ..." click through for the rest and the large chart.