GOLD 0.51% $1,391.7 gold futures

gold breaks out, page-161

  1. 33,212 Posts.
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    I firmly believe that we're on the brink of a breakdown in gold prices, the breakout's over, top was last year and it's more or less downhill since.

    Property prices; only familiar with where I live and they're up about 20% in the last 2 years, there's a real scramble to buy property near here, but I'm not au fait with the rest of the country, there's always a bubble somewhere.


    As for gold miners, they may fare far worse than gold in a selloff. Many are leveraged to the nth degree and punters fail to understand that the price of gold unsustainably exceeds the price of production.


 
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