Good thing that your here to warn us Skol--since 2009 LOL
LOL yes enjoy it while it lasts skol ,I think we've seen the bottom for the year and before the years out we will see a new all time high ...like you said nothing goes in a straight line ....I'm 85% sure this will happen ...but if it did crash below 1500 then I would be worried .....have been buying a few cheap RMS shares of late and if PGI goes to plan I'll be buying more(planned low prod costs 1300 hedge in place .....did shift much of my funds towards the Oil & Gas sector few months back which meant I sold down some of the PGM exposure ...great buying IMHO
"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
No I'm not referring to the '80's I'm referring to the present gold bubble.
I didn't get burned in the '80's but plenty did, the chart below isn't what you would call a 'gradual rise'.
It's a classic financial bubble.
What you're telling me is that "it's different this time".
Hahahaha, yeah, right!
Same Same -but different
Do you have the same enlightened view of the sharemarket bubble?
Are you waiting for the sharemarket to crash back down to where it was in 1920?
Or the $US to crash down to where it was in 1920?
Or is it different this time
And then ofcourse there is the time line-- Im sure those who took your advice back in 2009 are maybe starting to get a bit impatient with open ended predictions
The earth is going to be destroyed-this is a 100% mathematical certainty,but attach a timeline to this and things get a bit more fuzzy
History repeats itself-----Everything is always different-the earth is an ever changing organism--Its a paradox
If things go well in Italy and the US has some optimistic economic indicators,then most likely gold will drop-
I think the bears are in charge ATM but not big time.
But a drop down to $1000 or your $760oz....Ahhh .I dont think so
On Skol's chart the present correction looks similar to the correction from $1000 back to $750 in 2008. That was 25%. The sky did not fall in then either. From $1900 to $1740 =$160 drop or around 8.5% today is not going to cause the sky to drop either. The paper money printing continues.
Time for GOLD to once again move past 1600 maybe tonight
"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
"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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