Why NST could be massively undervalued at current prices...., page-23

"When I see excitement such as talk of POG $2000 and $3000 it is wise to take some money off the table."

My comments:
Why not? Talk about gold rising 50% to US$2000, less than US$100 above its 2011 high, obviously is irrational exuberance. Talk about gold rising less than 150% from US$880 in January 1980 to US$2000 in over 34 years obviously is irrational exuberance - so it must be time to sell some gold and gold equities.

PS: If you were working in 1980 and are still working today, bet your salary is way way more than just 150% higher. Bet your home is also way, way more than just 150% higher etc. etc. etc. etc. The way I see it gold has a massive amount of catching up to do and in real 1980 dollar terms gold is currently just around US$190.