finally ready to blast higher, page-31

Ctindale,

I for one agree with the outline of your forecast... If gold was in the early stages of a bubble blow off I'd expect it to be consolidating a levels close to the high and not letting the cheap skates (like myself!) in.

For usdgold I was thinking perhaps a 50% drop or better since if it's not in a bubble I expect it to be subject to the same deflationary forces as everything else.

The audgold chart is much neater from a technical point of view... The trend is ambiguous and could just as easily be up as down but I tend to lean towards the downtrend conclusion and will wait for a heavy trough before placing my inflation hedge.