grahod,
I still think the POG will crash, may end with a whimper, but I doubt it, history tells us otherwise. In a
Irrationality has no limit, in a crash gold could fall to $450, but I think it would end up at maybe $700, that's about the inflation adjusted number.
The DJIA is ahead of gold by 16% in the last 3 months, I wonder how long before gold punters and hedge funds lose their patience?
What happened to all the "gold's going to the moon" posts? A dose of reality finally setting in, the tone of the posts here has altered radically in the last 3 months.
Gold formed a double-top at $1900 and is probably on the way down.
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