Remaining 2011 – I am thinking the November 2011 turn will mark high for a sharper fall into December/January

Mean reversion doesn’t see Gold recovering, in fact suggests continued Gold bear into June 2012

GOLD SDed into June 2012, and lost 25% roughly.

Based on the below 2012 cycles, July 2012 is marking a low for GOLD and overall GOLD should rise into October 2012 from here

However, given the Smartp Risk Model for GOLD, and combining with cyclical view above – the returns may be muted for GOLD for rest of the 2012 as well although it has bottomed out for all good purposes.

SSG shares the view of range trade as well unless the 2012 High is broken – not likely.

And here are the key CIT dates for GOLD once again, with Tue/Wed being a cluster CIT and dailies have descended lower into this zone so I will assign it a low polarity and likelihood of a GOLD rally starting from Tue/Wed into 8/18-8/22 zone.