Agreed, looks like oil's going to the dance with gold...waiting to see what else drops faster than a prom dress and watching the entrance for Carrie. From the slope of the first correction it appears to be a 22% wave throughout (equities). I believe gold and oil will correct 3-6 months then continue their bull runs. This should confuse the Hell out of alot of speculators. Quad Witch will be telling for the first act.
As I had thought, gold did a head fake trying to shake the weak longs out. I am still bullish and I think it is just the correction of the zigzag pattern evident in gold. However, there seems to be a bear flag forming too... so all bets are off now. I am still bullish but will change my stance if the bear flag plays out.