"Have We Reached The Breaking Point?", page-105

Banks were considered the rock of solid investments then GFC taught us that any over leveraged company will succumb to re-valuation if the underlying economy is not firing well. So with this lesson I don't expect your bricks and mortar Syd/Mel to behave any differently to other Commodity states.

There are never any special circumstances or special asset class. Physical gold is just like any asset class subjected to supply and demand cycles.

Who here see physical from 1900 to 1100 as a blow off/retracement rather than a crash? Current 20% stockmarket selloff and the goldbugs are rubbing their hands and chuckling at the crash status of this asset class but sees it differently in gold! You can't get any more bias view than that, something I was trying to avoid and that is a clouded view when the bias has set in before looking at the facts.

Currently on my chart, I have not found gold forming a stable base yet. In time it will like all asset class but none that I can see.