It seems many fail to see what the real catalyst for gold is. That is global currency devaluation in the face of economic slowdown. Gold is nominally quite high already by historical standards and in an effort to increase the competitiveness of each contries exports, competitive currency devaluation will ensue on a worldwide basis.
And what does that do............thats right, increases the price of gold in all currencies. Nothin wrong with having a short term focus, just follow the old adage of the trend is your friend. If its going well for you, keep riding it, don't just pull out early due to a belief that something will only last a certain timeframe.
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