Gold doesn't look so bad on the monthly chart, but the action is telling me that we are going to test $1,200 pretty soon. If that can't hold, then we are going back to $1,000.

   Gold has to hold $1,000 or it will move back to $700.
   So many people remain stuck in the "gold is king" mindset -- they think of manipulation and everything else that keeps their hopes alive for gold going higher.
   I really don't care much about the why; I care about the what. Gold is not looking good, regardless of why.
   There are places to make money, and gold is not one, unless you're shorting it.