very useful analysis of current pm sentiments, page-2

From the article:

"Another worry is that Gold is up 11 years in the row. I have struggled to find a main asset class throughout history, which has 11 years in the row, closed in the positive. This has been a remarkable run, but no asset class goes up year after year without having a correction or a consolidation rest. Be warned Gold bulls... history is not on your side here."

Whatever.

The above is just looking at calendar years. On a rolling year on year basis gold has not been up every year.

Gold would also not have been up 11 calendar years in a row were it not for massive paper manipulation keeping a lid on the gold price and so keeping it "cheap" calendar year after calendar year after calendar year.

If gold had been allowed to trade free of this paper manipulation then gold would have clearly way overshot at some point during these 11 years.

Free markets? What are those? All we have are manipulations/interventions called free markets and we are meant to be suckers believing that gold alone is not manipulated/managed - while everything else is manipulated/managed - currencies/bail outs - you name it.