i 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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