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

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