gold on the cusp of a massive breakout, page-27

>You are wrong in your conclusion that gold was liquidated with everything else as the markets topped in May 08 and plunged until July 08 whereas gold actually rallied during that whole period.If you look at a chart of the DJIA you cant help but notice that when gold and silver collapsed between July and October 08 the actual markets traded sideways.


PhillW,

What a bunch of baloney that you speak.

You are totally inaccurate.

The market did NOT go sideways during that period. It was all trending down.

EG BHP 19/5/08 share price $49.55 but by the 31st /7/08 it was $39.71

RIO 19/5/08 share price was $156.10 but the 31st/7/08 the share price was $125.40

That my friend is not a market moving sideways/crabbing.

It might be wise to be more accurate with your figures and dates.

Gold will not be dropping to US$700

Time to have a wake up call very soon I believe.