Phil, if GATA understanding of the gold market is correct, then its just a matter of time before big changes happen. Could be any day or month or even years before an event to pop the bubble happens.
But then its possible that those in the government and financial institutes, who can control events, will let the bubble not pop, but just leak over a long period of time. So, even with GATA correct, the price of gold may fall under $200, and stay there years and need more years to raise to todays price.
All we can do is watch and wait and prepare for our individual guess.
For me, I hold mgr as a source of gold. I'am able to put them into a black box, and each April 1 day check to see if MGR exist, and if so, share price.
Doug |