gold extends longest streak since 1920, page-5

timber..... happy new year.

you said
'To sumarise:

Many contributor to the gold forum expect the price of gold to rise in the future because it has risen in the past.

There are flaws in this style of thinking.'


the POG has gone up for reasons that are well discussed on this forum, those same reasons are still real and exist,
why do you consider it flawed to expect the same result form the same input, surely that is logical.
expecting a different outcome form the smae set of inputs is by far, more illogical.

the only thing to take the POG down will be a massive and sustained recovery in all OECD countries, a shrinking of debt to manageable levels and a return to full time employment by the milions currently out of work or underemployed in those same OECD countries...
as yet i have not seen any evidence to suggest things are improving, sure we see lots of sounbite pollies saying it has, but its not improvong and the wrangling in the US shows this to be true.
They are stuck between the proverbial rock and a hard place,
micro managing spot fires, while the flames lick elsewhere around them.