Hmmm
You any good on the Banjo? Tricha
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Over my head..I hope you guys don't jinx the gold price, it's very high over in USA dollars ($1840)..great for the goldies.
What do you reckon Skol? Should we all sell out now?
Up to you. It's the old story, the bigger the boom the bigger the bust. There's punters out there who swear on the bible it's going to US$25,000.
Here's something from Forbes magazine dated 9/8.
'Chart history shows that when the market does go parabolic, or into an acceleration phase, it's usually the final stage of a major bull market run.'
"a market top in gold may be near", according to CPM Group, whoever they are.
On the web the gold psychics are very enthusiastic and way exceed the number of analysts who advocate caution.
It is quite interesting that most people are still totally disinterested and confused by GOLD. It doesn't sound like a bubble to me. Most people still aren't interested or convinced enough to buy any.
I am not saying it will keep flying in the short term because nobody really knows but the trend still looks strong. Hopefully the stocks will follow soon. In my opinion there is a possibility of a short squeeze coming for gold stocks.
Anyway time will tell.