rabbits, you are one of the few that will call it the way it is. Hold buddy I have major buy coming but at as I have been saying for months I will wait until I see the whites in their eyes before I pull the trigger because the downside potential here is far more than any of the gold bugs here even want to begin to think about.
My target has been a test of the 200 week moving average around $1200 and if things get bad you can't rule out $1k.
What many people(gold bugs), fail to understand is that when there is a deflationary down cycle, it doesn't matter how much money,stimulus or whatever else they throw at it, it won't work.
We have entered a VERY dangerous period in the global economy. Deflation is everywhere and WILL overwhelm whatever they do to prevent it.
Cheers buddy and thankyou for being someone that has been prepared to consider all angles without prejudice.
