further evidence we are entering the blow-off, page-2

"Many people like Jim Rogers think we have another 5-10 years before it peaks."

I'm with Rogers. It looks like the author may also agree assuming a scenario similar to his bottom chart plays out (the most expanded chart, copied below). This could be consistent with my current reading... completion of Wave 3 sometime in 2011/2012, followed by a severe 1+ yr correction (Wave 4, similar to 1975-76 and 2008 Wave 2) then the final blow-off into 2016 give or take a year (Wave 5).

Woteva, imo the bull market won't end as soon as you say because the institutional funds (let alone the small private investor) have yet to enter in a meaningful way. It seems to me the big money is still getting set, with the slick salesmen yet to appear to take gold to the people. In other words, we've still got a ways to run, IMO.

If you're right however, I won't complain seeing 5k gold in 2011 (assuming the world hasn't ended).

Rowingboat