The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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From: westpacific	1/15/2006 7:22:04 AM
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Goldbugs come out of woodwork when a it smells like a near term top. To defend the reason why they are not selling. They all think it has nowere to go but up based on all sorts of assorted data and facts. That may not always be the case. Remember we are no longer on a gold standard, so pre 1971 the data is different, this gold rise is in the era of no gold standard. Ah - greed and fear. Follow the chart, if it breaks sell it, if it does not, hold it. Simple really, FORGET THE EMOTION. GOLD is overbought, gold is at the TOP of its 12 1/2 year bowl formation and has throughout history broken down from here. And gold hates a deflationary collapse, one that is just around the corner, though many here will not believe that is the case. We shall see. West

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