the world is full of gold owners who got lucky. their losses on everything else are the problem gold only doubled. it didnt go up 1000%. doubles are easy. stocks double in a day. in an hour. i called GMCR a scam long ago. you could hav emade a lot more shorting that than any gold play
Uh, it's more than doubled over the last 10 years... But you have a point. Its price hasn't reached the exponential growth of tech stocks or other bubbles. It's clearly in a healthy, long-term secular bull market. You made a good argument for that without even trying.
meanwhile, I declare another unconditional victory, having highlighted Gartmans call here. Im glad you sold . You sold right? 1580 now.
You sound like someone who will be riding this down to 900. Think not. Ive been mostly right for over a decade here. Worry. A lot. 1569 now.
+1 these kind of retracements are nothing unusual for LT trends. some commentators have said gold might bottom$1100 to 1200. one should be so lucky to pick up gold in that range
why would that be lucky? are you a gold fanatic? you'd be better off buying a pair of Elvis's panties, for a long term gain. To add to your existing collection. ;-)
OK, I saw you call silver going to $10 in another thread and now gold to $900. Your feet will be held to the fire on these. Hope you don't mind being held over it by your ears. Good luck with these calls!