caylus commits - thursday, page-99

One of the measures of any bubble is when every dip is regarded as a buying opportunity.

I have been around long enough to remember Japan in 1989.

At that time I remember all the advice was that any pullback was a buying opportunity.

Japan is down 80% from 1989.

Can gold go much higher?

I have no idea, and the congrats goes to those who saw it at its lows.

All I know is that those who trade it from here better be very smart.