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Looking at the gold chart

Robert Precther predicted this

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It's deflation guys

We have sung this song for years now.

In the mid-term, gold, stock, bonds and all "tradable" items are going down.

The US dollar and short term US paper will thrive in this environment.

Why? It's simple. There will be a million sellers - and no buyers.

If you haven't yet, study the interview I did with Prechter at the beginning of this year.

We predicted everything that's happening now

RealEconTV and Robert Prechter

NOTE: I disagree with this trader that $1,400 represent any kind of bottom.

Remember this about bear markets: "All bottoms have a hole in them."