Gold is in a 30 Year Bear Market

Just like the last guy on here that said gold has topped, and he was shorting. Please short as much as you can afford and if that is how you read charts, I fear for you in the long run. Oh and by the way we are in a 200 yr Bear Market in Equities too if you add in the tulip mania, great depression, and credit crisis. LOL!

See you at new highs in gold,
 
Quote from PaulRon:

please let this thread die...
More...

As the OP I couldn't agree more. Let this thread die. It's likely to become one of those ET threads that spirals way out of control.

I already stated that that I don't trade off of a 30 year chart but still, feeling secure behind the keyboard, the trolls come out to flame. I also stated that the post was directed to the gold bugs who buy and hoard gold, not TRADERS.

My point, which I admittedly didn't spell out clearly for the slower members here, was that inflation adjusted gold prices are much lower than the 1980 high prices. THAT's a downtrend. I did NOT call a top, I did not say gold will continue to go down.

http://www.inflationdata.com/inflation/Inflation_Rate/Gold_Inflation.asp

http://goldprice.org/inflation-adjusted-gold-price.html

http://www.usatoday.com/money/markets/2008-01-08-gold-prices_N.htm

http://www.safehaven.com/article-4433.htm

Gold_inflation.gif
 
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