>For mine tis chart of the HUI is showing a triple top formation.
>If it doesnt break through now it going a lot lower
Some people just can;t see the forest from the trees even if it sits rights in front of them. These very individuals [some of them friends, others extended relatives etc] now look at me in disbelief about the gold and silver prices.
I had told many of them to purchase bullion for the longest time but they just refused to believe that the dollar might fall and that the US will be in disrepute. History tends to repeat itself....
Now we had 10 years of appreciation in the gold price against ALL OTHER ASSETS and the only excuse they have is that we are close to a bubble! Wake the hell up and open your eyes for goodness sakes...
We are nowhere close to one. Money is still not flowing into the sector...when it does you will be lining up outside mints, banks and bartering your wares for bullion. We are far from it.....
The longer the herd wait and ignores the obvious, the better it is for the goldbugs when the mania hits.