GOLD 0.51% $1,391.7 gold futures

gold chat, page-300

  1. 44,820 Posts.
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    Hi Skol,

    What makes you think we are in the 'bull trap' phase in your graph?
    The institutional investors have only just begun to jump on board and the public have yet to show any interest at all.
    I hope that the graph is accurate as gold has gone from 200 to 1600 in what appears to only be the shallow slope leading to 'first sell off' which we have just experienced.
    If the push of the last couple of days signals the end of the 'bear trap' then it appears that gold is due to hit the exponential up-slope sometime soon. The 'new paradigm' should be around the $10,000 oz mark. I'll bail in the 'delusion' 9,000s to be on the safe side.
 
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