abigail doolittle is with me. thank you both for joining us.in, let me kick it off with you. >> when you look at the chart, gold is about to take a huge brake to the upside or downside. fonl for that is this triangle. unless gold can breakthrough this trend line. it's likely to really have this pattern down right around 1530 or so, which seems amazing, but gold as done this before. we see it right here, a powerful pattern, and it looks like could go could do that again. >> you want to sell into it right here? >> i think you want to be sideways, in these ties of the federal reserve, you should see the upside break out, but wait for confirmation. >> peter, weigh in here, you're a gold bug, are you still buying it? >> absolutely. first of all i don't know how you can look at a chart and not want to buy it, but especially given the technical action of the last few days. i think it's a great buy here. i have been buying for about a dozen years, and i don't know if your other guest has bought any gold, but the fundamentals i think are phenomenal for

on the technical side, abigail doolittle is with me, and edward schnider, good to have you both on the ogram. thank you for joining us. ed, what would a sale of rim's enterprise business mean for rim? >> it would be the end of rim. it's the only thing supporting the losses in hand sets. you can't do that you have to support the losses and you have to shut down the hand set side. so it's the decision to end rim as you know it. >> that's the crown jewel. let's talk about the chart on research in motion. >> in the near term, there is a possibility of a high-risk trade in rim. specifically we're looking at a potential rounding bottom right here. it must confirm on a closing basis, multiday closing basis at 832, the target is above ten, it's supported by the fact that rim is starting to reverse it's downturn moving above that near-term trend line. long term, medium term, this chart is very bearish. unless rim can climb above it, rim should not be looked at. we're looking at a near term possibility. on this dangerous chart, high risk provile, and really confirmation is required. >> high risk

>> according to abigail doolittle, investors should get ready for a change. in a moment, rick santelli will be joining the conversation. abigail, you don't believe in this rally, you say we could see a correction and when we do it will be fast and furious, what are you expecting? >> i think that's absolutely true. i think this rally will reverse down pretty soon and pretty quickly. it's hard to see it climbing too much higher. mixed payrolls, declining gdt and the baltic dry index at levels not seen since 2007. this puts it squarely on the back of the central banks. the federal reslev not be officiating qe 3. the trigger as said by ben bernanke is the threat of deflation. there's no sign of that by looking at the spread of tips to the nominal treasuries. this means the ecb, will they put out that bazooka. whatever it takes per what ecb means and investors mean, this will all set investors up for disappointment, and this reversal back down. >> dan, you're a little more concerned, but by years end you see the market higher, yes? >> yes, i still think we'll meet