Thanks for your reply - I've been pretty busy working on my business so not had much time to blog recently.
One point to note is that Gold does tend to bounce back after the crash. During the crash everything is sold to raise cash to cover debts, however, once the initial crash is done and loose monetary policies are implemented to counter the crash gold and silver tend to react to currency weakness and fear of currency collapse.
This time around it is likely that a global currency collapse will occur to counter massive derivative losses. To overcome this I believe a return to sound money will be the only solution.
The charts are telling us that gold is about to fall. I believe this is the beginning of the crash that will accelerate in the coming months. You might therefore be correct in your analysis and gold will fall, however, Dents view that Gold is a commodity is fundamentally incorrect. Gold is money. Currency is debt. Silver will become money as the people attempt to hoard it while gold rises to unaffordable levels.
When? The authorities will try to put this off for as long as possible through various visible and hidden means, and they are powerful, so it's likely that the crash may not occur fully for many months, but it appears that the wheels are in motion.
If Dent were to view gold as money and see that currency is just debt, he would no doubt agree with this analysis. Thus according to his analysis there will indeed be massive deflation against money (real money).
RE: Why Harry Dent is both right and wrong on deflation