GOLD 0.51% $1,391.7 gold futures

although i think it's great, page-10

  1. 37,286 Posts.
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    sorry one correction in the below "But IMO the party basically finished Feb'08 and started a serious downtrend".

    i put Feb'07 instead of Feb'08

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    agree that gold has been in an uptrend from early 2000.

    But IMO the party basically finished Feb'07 and started a serious downtrend.

    Luckly it was saved when the market really went into a nose dive late 2008 (from approx Sept).

    As market conditions have seriously deteriorated since then gold has resumed an uptrend.

    i bet my last dollar if the above collapse hadn't occured in late 2008 gold would still be heading south.

    if you don't believe me check a few charts around the above periods.

    gold bugs can thank their lucky stars that the market seriously tanked around Sept~Oct'08..otherwise gold was heading down the slippery slide
 
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