Gold Panik has reached the 1300 level

1440 and 1300 were the expected next stops in Gold, boy we did not see a $300 - 3 day tumble like this. THIS IS THE GREAT GOLD PANIK of 2013 driven by fear and liquidation.

If this stops at 1300 and the last move was just a correction within the bigger bull (working assumption)  then we have to gage this correction as the biggest one since 1999 which means that...

Wave 1 (Impulse) : 1999:2009 

wave 2: (Correction): 2009:2013

WAVE 3  (Impulse) :2013-2023+ 

....WAVE 3 will carry GOLD far beyond $2000.

If Gold fails 1300 then better get the hack out of it...!!!!!