A time for caution in the gold markets

My previous analysis of the gold market showed that the tumble we've taken so far was expected. I expect the same methodical parabolic rise and sharp correction to play out over and over until the final speculative blow off top occurs. Please review the following article for a visual representation of what I am talking about:
Dennis Gartman: Short term top for gold


It's very easy to do yourself. Always use the 50MA and 200MA as the anchor. Any time the price is over-extended too far above these, lines, caution should be taken. In the case of gold, 20 -30% extensions above the 200MA usually signal interim tops.

I should also mention that as a general rule, I never short a bull market and I never go long a bear market. Of course there are exceptions to these rules, but I think in the long run, this rule will help you avoid large losses.