gold price may avalanche, page-134

"I still think the POG will crash, may end with a whimper, but I doubt it, history tells us otherwise."

No question gold will crash. Eventually! Its a commodity in a long term bull run. Of course it will get to a point where the price will really go ballistic on emotional buying. It hasn't entered that stage yet. If it did that emotion would have spilled over into the gold equity market. It hasn't. The uptrend in that sector is measured and cautious.

"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?"

Gold has been in a 10 year bull run and you are using the last 3 mths as a overview? Your audience isn't totally ignorant and gullible Skol. I'm writing this stuff not only to trip you up but to also expose you to people who haven't the experience to make anything of your content. The DJIA in the last mth has dropped 10% then rose 10%. Whats that telling you? VOLATILITY. Volatility means no sound fundamental direction. Its more of a market for manipulation then people entering for long term investments so clearly the last 3 mths can't be used.

"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."

What reality? Only person getting a reality check is yourself. For years you have been calling gold to expensive and it will crash, however for years gold has been steadily moving up. Gold went to $1920 and has settled around $1700, its totally non sensicle how from that price movement you can call the long term gold bulls wrong. Your like a boxer in the corner getting smashed, you somehow get a quick jab into the ribs of your opponent and you claim victory.

"Gold formed a double-top at $1900 and is probably on the way down."

It did go down after the double top then recovered some what. Double tops doesn't mean the end of the long term bull run. IMO in the next 12 mths that $1900 will be broken again. Not only don't you understand the fundamentals driving gold, or the short-med term market sentiment reflective in the price action. You don't understand simply chart pattern indicators.

"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."

How did you come up with that number? This will be good!