gold has jumped us$82.00!!, page-13

Yes siamese, amazing times and a big shakedown today.

It may start to make sense when you look at the 2 year chart, the rapid climb up to $1900 was probably too rapid in the context of an orderly 10 year bull market.

Today's selloff was savage but looks to be a return to the mean and may now bounce around the trendline. Nothing has changed in terms of the reason this bull market started in the first place; that being devaluing fiat currencies, remember too it's just not punters buying/selling but central banks buying to diversify away from ailing Euro and $USD.

A break below this trend may prove problematic but I don't see it happening in the context of the above. Picked up some more goldies today.