Skol,
Differing opinions make this market very entertaining.
Gold has its value IMO, and the fact that many people dont see its value is actually a great thing for the long term gold accumulator, although accumulation period for smart money was completed a number of years ago.
Every investment has its place including gold.
Disregarding an investment because it does not pay a dividend is limiting.
Its a funny thing, when gold rises in price to levels that seem "unreasonable", non-gold holders come out in droves professing that it is too expensive, and make assertions as if they are experts in the gold market.
Fact. Smart money was buying gold below 300 USD.
Now if you know someone in this category, and they sold at 1900 calling the top as well as the bottom, that would be impressive.
Are you going on record to say that the gold market reached its final top at 1907 USD on 6/9/11. It may be your greatest call yet.
The gold bull market remains in a bull market until it turns, and price is the ultimate arbiter of this. So far this current correction has been normal, if anything its been on the tame side in terms of historic volatility.
Price swings to the upside and downside have been very tame.
I say it remains in a bull market at current levels.
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