It is a myth that a currency cannot be strong if it has no gold...

It is a myth that a currency cannot be strong if it has no gold in its reserves.

The ozzie proved us wrong!!!

With gold now about the levels where it was before the
reserve bank announced its sale of its gold reserves a few years ago,

I shall call a short to medium term top in the gold market.

Another 10% rise is insignificant in terms of forming a top.

Gold had a good bull run for a few years now and all bull markets come to an end eventually.

Arhidas
does not own any gold stocks