Gold - on cusp of massive bearmarket :)

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Gold 1257-2010 log scale Data Source:Global Financial Data
It is clearly on a fifth wave, but fifth waves sometimes extend, so it can go easily above $20,000 before dropping back to $200-$300.

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Deadbroke I haven't got time to read thru your whole thread, could you please just tell us what your exact trade is and how much money you have riding on it?
That would make for great amusement.
If you have no position, which is my guess, then why not focus on your pathetic job, stop clogging up the forums, and go troll some teenagers on Myspace.
 
Quote from buzzy2:

Gold 1257-2010 log scale Data Source:Global Financial Data
It is clearly on a fifth wave, but fifth waves sometimes extend, so it can go easily above $20,000 before dropping back to $200-$300.

attachment.php
More...

lol
 
Quote from Rearden Metal:

You remind me of marketsurfer, and you'll be proven equally wrong. :p
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I looked at Marketsurfer's thread - not a bad call actually given the fact that it was a major drop. Ultimately he was wrong of course but he gets top marks from me for effort.

:)
 
Quote from ASusilovic:

While I do not want to go into detail, you might be partly right with your short trade as you can read in this article almost every investment bank out there is bullish on Gold :

http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=azdOhjbZk0w8

That makes me think : hum. Especially, since our friendly neighbourhood bank GS is involved...
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Nice article. :)

I have yet to come across a single person in real life who is bearish Gold - they are all wildly bullish.

Even without a chart this is a warning light.
 
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