its back.. thursday night rally night, page-76

JR, Skol started calling gold down when it was $1120ish, it then went on to trade $800 higher! So imo he is yet to be right, as it hasn't yet traded below $1120. If people didn't see gold was in a bubble when it got to $1920ish then they were believing the hype. For me its when it went into the stratosphere in the charts from $1650ish through to the highs in very quick time that I knew the bubble was about to burst & it would get ugly. Not that I thought it would re-trace as low as it did, but I thought $1250 was on the cards, so wasn't too far off.

We have now seen the bottom in my view. Will we see new highs? Possibly quite quickly, but only possibly, however I think quite likely over a few years.

Either way I am looking for another $200 higher in the short term.