Not a chartist, but depending on whether one uses the 5yr or 10 yr chart it looks like POG is heading for $1100/$1120. Then consolidation and off to the moon? or back to unheard of levels ?
If gold drops into the 1000s for any period of time, I'll reconsider my long term position, and lighten while BDR is still in profitable territory. That will guarantee the bottom comes in
Until then, Short termers that aren't shorting will continue to be concerned. The trend not being a friend and all that.
Fundamentalists who believe the (financial) end is near with the Fiat currency will start looking for explanations as to why gold needs to be crunched to accomidate FIat collapse,
and the long termers or anyone who has been involved in building business knows long term outlook will be 3-4 years - remind me how long SJ has been going? How is that powerline going?
BDR should keep making good money.
Hopefully @JID and others that spend time in NZ are getting along alright post earthquake.
