thanks jon nadler ...

Great to hear from Jon Nadler, Senior Analyst, Kitco Bullion Dealers Montreal:

In his latest caution Nadler decides that quoting Marketwatch's Mark Hulbert is a good idea:

"Speaking of expectations - at least those that concern gold's near-term price prospects, Marketwatch's Mark Hulbert finds that: "Contrarian analysis continues to suggest that gold will face stiff headwinds in coming weeks." Mr. Hulbert finds that the average gold timer is more upbeat now than he was in early February, and this, he says, "is a worrisome trend, according to contrarians, since it suggests that the gold timers are becoming more inclined to see the glass as half full rather than half empty.

"This disturbing pattern of creeping optimism is also evident in an increasing resistance on the part of the gold timers to building up cash in the face of market weakness. I noted this pattern in my column a month ago, and since then it has persisted and gotten worse."

http://www.kitco.com/ind/nadler/mar022010.html

My comment:

Thanks for that word of warning Nadler.

See you at US$1,200 gold. See you at US$1,500 gold.
See you at US$2,000 gold and higher.