Gold above 1200$ an ounce in 2009?

[Ivanovich]

Quote from makloda:

There is absolutely no telling when the blow off top will come (or even if it ever comes). We could be right in the middle of it, or it could happen in a couple of years from now. I don't believe in any of those tell-tale signs like shoeshine boys giving advice or bus drivers mortgaging their house to buy gold. We won't know for certain until after the fact.

That's why IMO it's good to know ones exit point beforehand. I have mine firm in place.

Yeah, but Bernanke just said he doesn't see the presence of any asset bubbles in place at the current time being!

 

[makloda]

Let's not forget that the final blow-off phase in Gold in 1979/1980 happened AFTER Volcker started raising rates. It took another few months for Gold to spike and then fall apart.

 

[Debaser82]

Yes.

 

[peilthetraveler]

Where are those 90 people that voted no? Now we know those are the half of the traders that lose money.