Gold's up and down's

The gold rally started under Nixon at $45/ounce, topped at $875 during Reagans second term, dropped to $250 in Clinton's second term, then started a new rally from the $850 level in the 1st term of Bush 43, and then reached all time high of $1850/ ounce during Bush 43 second term. Now the whole rally was wiped out by penetrating the 50% level of $1300, hence by the 50% principle we are going back down to $850/ounce. Next critical level is $550/ounce, where the contraction of gold collateral of all central bank will cause a deflationary crash, since the glut of oil and low gold price means a wave of bankruptcies in the oil patch, sovereign debt in OPEC and wayward consumers that bought real estate at average gold price of $1100/ ounce, and have to repay it at lower gold mark to market price. So the idiotic policy of Janet Yellen of internal financing the Treasury debt by printing money is about to turn into a giant trap for those who were shedding tears about the courage of Lady Jenner to come out of the closet, instead of paying attention and following the time tested American traditions of being frugal and responsible with their money.