Gold will never go below $1,200 per oz again.

[makloda]

What a classic thread. Perfect timing.

 

[Ivanovich]

Yeah, I was going to put it in chit chat, but I'll leave it here for a while so people can see what a dumb call it was.

Maybe I'll put it in the Announcements forum.

 

[Pop Sickle]

Quote from peilthetraveler:

Wow...6 people say it will go below vs only me that says it will never go below.

The words "never" and "always" are usually not good words to use when it comes to analyzing markets.

 

[SNBthetrue]

yeah effectively... the effect of word on human mind/brain can't be minimized... some are more influenced than other for sure.

 

[millionaire7]

Wow, Gold is getting killed. Down 60 !!!

 

[harkm]

Buckle your seatbelts. However, gold is going much higher.

 

[Pension_Admin]

Gold is gonna back to 1000 next week!?

 

[S2007S]

See what happens when you get greedy and think things go only one direction....


See how quick it lost $60+

days to climb 60+

hours to lose it


Markets take the stairs up and the elevator down.

 

[S2007S]

Quote from Pension_Admin:

Gold is gonna back to 1000 next week!?

That I would disagree with....

 

[Trexticle]

Nasty consolidation and then on to new highs. It will definitely be nasty and will look like the end, but then slowly it will recover and continue on. The gold stocks may not take out these recent highs though to confirm.