Thomas Demark is calling that the next two - three days will be critical and if the markets go down they can unravel very quickly. If today's weak ADP report can be taken as any guidance the coming up Jobs Report can be weak as well. We think that his call is very extreme, but Taper Pause is becoming the reality with every sell off in the market. Thanks to Bernanke, Janet Yellen has her FED Chair Crisis right at the start of her reign. Gold is fighting the gravity and market manipulators at the $1270 level and once it will close above it the mother of short squeeze in Gold will arrive.
"Weak ADP report sends Gold to breakout above $1270 this morning with high of $1275 now - the close above $1270 will start the major short squeeze fireworks. We can expect more talks on Taper pause and this "must buy correction" in the general markets is getting uglier with every slide lower."