is it a sell now, page-7

re: is it a sell now (4 'parrot') Hi,
Technically and fundamentally NCM looks fine.
The narrow $250 to $500 20 year trading range for gold is abnormal for any commodity.
The conditions for a huge gold breakout are the most bullish in 25 years.
The US economy is an absolute mess with just about everyone in a state of denial. Record low interest rates, pump priming, massive deficits, consumer debt etc. etc...
Where oil goes so will gold. Oil is going up, inflation is going up, the US dollar is going to come crashing down (to nearly junk status?) and the gold price will take off to prices noone believes possible at present due to being conditioned by 20 years of relative inactivity in the gold price.
Cheers, SP.
PS
I also anticipate runs on some banks as confidence in the banking sector declines.