According to Macro Man, and I rather agree - this could be the top http://www.telegraph.co.uk/finance/...e-chocolate-from-German-vending-machines.html
I suppose, like anything else, once these ideas appear, the peak has been passed. Same thing happens with real estate. This may also support the AUD/USD short? Hehehe.
A top for the quarter or year? Perhaps. Will it sooner or later establish new tops above $1000. Many can think of trillions of FRickiN reasons. A 30% retrace down on gold would sure be nice, just as soon as I ride my US stock shorts to their top.
Agree 100%, would indeed be nice to ride the shorts (and ETFs) to the bottom before again buying gold. Just wish you weren't trying to play me with your new alias, Roman Candle/Port/maxxy/PeterEastgate, etc. ad nauseum.
hmmm ... so the "smart money" got short today according to the news wires yada yada yada ... see you back covering your $915 golden shorts real soon dudes
gold is dead money ... heck at the moment the only thing I see driving it higher is that perhaps two "punters" bet on the gold / silver ratio to hit 70 to 1 before the upcoming US tennis open doubling down on their lost bet on "tiger" in the PGA
Gold is dead money, LOL? What do you call 1000s of US companies paying no dividends even though they have been around for decades and have made a lot of money. The latter is more dead, it all depends on the next big fool who will buy from you.