Share
"The fact that everyone is so bullish on Gold is something to fear in itself."
You may think so Champ but it's not the case. Market vane bullish consensus for physical gold is only about 70% (and that is before the $100 drop on Friday so it would have dropped further now). Anytime the percentage has dropped to 60% has been excellent value buying since 2001.
By way of example, the March 2008 high of $1030 had bullish consensus of 95%. Everyone then was bullish and it marked a peak (no more buyers to keep the trend going).
We've a long way to go this time before we hit another intermediate peak IMO.
Market vane information at this link
http://www.marketvane.net/
Rowingboat.
