You seem so clueless, the Gold sell off was not sudden or unexpected. Sorry, but your overdramatic bs just doesn't sell amongst real traders. Four years of you spamming this board with screaming about bubbles and how the next great crash is coming imminently in everything.
Given that there are no signs of inflation and interest rates aren't likely to rise much if at all for two more years, your post has quite the opposite message to me. It suggests the long Gold move might be somewhat of a bubble ( I've held this belief for two years. but don't pretend to know what speculators can do in the short term ). History suggests any big move in Gold gets countered eventually. You can say "this time is different", but given the lack of utility for Gold its a risky position to take. And from what I've seen on gold stocks, they seem to be foreshadowing a belief in the markets that Gold itself may drop a lot more ( this has been true for months so its a little dated now ). If you disagree you can pick up a lot of Canadian miners at dirt cheap prices now. Might be an opportunity.
Nikkei up over 500 points in less than 5 trading days up again tonight ...up nearly 50% ytd!!!! At the rate its moving it should close above 25k by the end of 2013!!!
2500 is probably a given. I don't disagree, but the next collapse will cut the spx in half back below 1200. Going to take a while, but it will happen ...
the pathetic thing is you never make any money on these moves you predict them, but never bet on them you still can't understand how people make money from markets that behave irrationally you sit there and bitch, day after day, but you never make any money you will never bet until a market makes sense and that may be a long time coming
and if you really knew how stupid most people are, it would make perfect sense, and you could bet on it
I'm not betting on what the next toss of the dice will be, I'm betting on how much they will bet on it
you should read up on japan they had deflation for 20 years and everybody owns bond. they all want out so its pushing the yield higher and as you see the nikkei is up 2% today. now the derivatives all tied to low interest rates. the government debt is very high and they would blow up if there had to pay higher rates on debt paper. http://finance.yahoo.com/blogs/talk...-money-could-blow-america-213918831.html?vp=1
And you can thank Orwell's "Department of Education" for that kids today don't know the difference between there their or they're
Same thing here in the US...with so much debt the smallest increase in interest rates to just 1% would wreak havoc on the system ...that's why interest rates will stay low for at least 5 years...and there is no such thing as an exit plan when it comes to BUBBLE ben bernanke and friends.