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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (29436)	8/1/2010 5:48:17 PM
From: Real Man	3 Recommendations Read Replies (1) \| Respond to of 71402

Yes, 200 MA is close as well. What happened to gold in 2008 was rare, a sharp drop in September. Gold is now in part (large part) trading as an asset, not a commodity. Some call this phenomenon a gold bubble. However, gold often does that for a number of years, with enormous gains during that period. At least, it did that in the past. Gold bulls call it "second, final leg up" of gold secular bull, which should result in a lot more gains %-wise. Where it ends is unclear, but analysis based on jewelry demand obviously becomes meaningless in this phase.