Gold Update: The Bubble Phase Is About To Begin

In my last update, a few days ago, I thought that the dollar looked like it may have completed an intermediate top, and gold an intermediate bottom. Still a little too early to tell on the dollar, although I think if the FED balks on Wednesday and fails to raise rates at least a quarter point, then I think the dollar will crash and that will be the for sure top. There's little doubt at this point that gold completed an intermediate cycle low....

********