Just thought I would post my perspective on gold, bull from 2002 to Sept 2012, if even just to play devil's advocate. Need to consider that the bull market in gold may be over. I'm sure the same opinions were being pulmigated in 1980 re: correction. In June 2012 I thought gold should run to $2500 as per previous bull market form, I bought in originally in 2002. The failure in Sept 2012, below previous high was a big flashing light to get out of physical and gold stocks. Through out the bull marlet after a 12-18 mth correction gold surged to a new high. This in conjunction with tradies who I was having a beer with late 2011 and early 2012 saying you couldn't lose with gold, and a friends I-phone photo of queues at the Australian Bullion Company in Sydney around this time were key information, ie the general public were buying. I believe the surge to $1920 US in Aug/ Sept 2011 was what a blow off top looks like in a low inflation/ deflationary environment rather than the high inflation 70s
SLR Price at posting:
$2.08 Sentiment: Hold Disclosure: Not Held
