I'm sure plenty of people agree with you Sydneysider that it...

I'm sure plenty of people agree with you Sydneysider that it looks "bearish" for paper gold.

Now let's think about this.

We are in the midst of possibly the worst financial crisis in history.

The largest reinflation ever is being undertaken. Interest rates have been slashed to zero. The money supply is being increased by trillions and trillions of dollars. The printing presses are now starting to work over time.

So the obvious conclusion is that this sure looks bearish for paper gold???? rofl

Now I think I'd better rush out and abandon gold and swap it for 10 year US treasuries. I'll earn a little over 2% interest a year based on my current purchase price and in 10 years time I can collect my principal which I'm sure will have plenty of purchasing power as there will be no inflation over these 10 years and the US dollar will have also gone through the roof.

Yup. Into US paper I go. lol rofl.