Hi Skol and a good morning, you have always said that POG is going down, now you are saying that POG is"going nowhere". Reading between the lines that sounds like a 180 degree change in your thinking.
Hi airedale,
Relative to almost everything else in the world it is going down.
Even boring cash in the bank, the safest most liquid asset there is at the moment, is better than gold.
Gold could be on the brink of a devastating 'correction'.
S&P500 up over 2% and gold showing down at $1702 on Yahoo Finance, what's happened to the 'moonshot'?
Skol,you crack me up.
Lets face it,a person is judged on their past performance.
When you started this thread[post#1]Gold was under $1000.
In all that time[with your constant predictions of a crash]it has not dipped below that point,in fact, it is now at $1700.
Do you really expect us to take you seriously?
I think at the moment that the smart money is probably on gold as there is a good likelyhood that there will be a QE3 in some form.
That may not be the right thing to do,but at the moment it seems likely.
There are certainly things that could turn the tide in the opposite direction and if that happens then we will have to reassess the situation rather than blindly follow what we hope will happen.
But its a long way down to under $1000 an ounce
Thank you for your kind words there skid, but you're conveniently forgetting that I've been correct for more than a year now.
Had a look at the POG in the last hour or two?
Gold has been looking good in US dollars for two months and still does.
What is more interesting is its close to a breakout in Aussie dollars. A more reliable value measure IMO.
Looking for a break above the 1670 to 1675 mark
Gold has done well enough today to catch my eye . There are goldies that are down and showing signs of moving ,some up 3-7% as I speak .... they are going to move now .... gold may move 5% over time but , our goldies could easy do 20%
Thank you for your kind words there skid, but you're conveniently forgetting that I've been correct for more than a year now.
Had a look at the POG in the last hour or two?
That Gold would consulate 1500 levels before moving back on bull trend ? Can't remember that
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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