witchcraft, prediction....or reality, page-5

"$1200 by May? - Witchcraft, Prediction or reality?

To deny the RISE in the POG is to believe that we are not in recession, let alone - "depression" --- many a trader/investor is "depressed", even as I type, but there is a shining GOLD star out there, for any who desire to grasp it!"

My comment:

I'll believe it when I see it.

As far as I am concerned rational analysis does not apply to the gold price, and as a flow on effect, to gold equities.

As long as the gold price is effectively managed and as long as leading gold stocks are attacked no amount of rational analysis will draw a correct conclusion about the gold price tonight after gold positive news is released, next week or next month.

Where gold should rise on news, more often than not it gets smashed. Where gold equities should rise, instead they get smashed.

Just look at all the rational analysis in numerous articles on Kitco and elsewhere suggesting, "Now is the time to buy" while the HUI progressively fell from 520 to 150 last year - a decline of over 70%.