PRU Target Price : 70 Cents, page-186

Sircorp

You may realise this but not many others.

The angst that is shown every time gold goes down shows a distinct lack of understanding of gold and why you should invest in it.

My point is that the gold price is not caused by instos or traders or anything else other than perception. They just persue the current momentum whihc is caused by the current perception of the world.
AND the current perception is that the US is still too mighty to fall even given its enormous debt and loss of manufacturing base (ie no way to repay that debt).

Once that perception falters and I believe it is beginning to ( given US is out of tricks to goose the economic numbers) then real gold investors will start the physical rush which will then be followed by the instos traders etc.

It is then that gold investors on this board will be truly rewarded for their perserverance