GOLD 0.51% $1,391.7 gold futures

Woteva, you are saying that your reasoning for a mid term top is...

  1. 733 Posts.
    Woteva, you are saying that your reasoning for a mid term top is based on previous patterns etc, but in saying that has Gold encountered anything similar in the past 5 - 10 years that even remotely resembles what we are going through at the moment.

    By Mid term what time frames are you referring to?

    The only way the Gold and also Silver advance will stop is either:

    a) The Fed saves the US Dollar.
    b) We are approaching a Depression and the underlying asset value for that commodity is devalued.

    Im not discounting your comments, but just noting that you cant really compare the recent advance with any historical moves in the past.
 
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