Post
Topic
Board Speculation
Re: Stock market crash - 5 % overall
by
finnthecelt
on 10/08/2011, 18:16:11 UTC
My facts are chart pattern that show that Gold is in a major long term uptrend.

But as in all trends, there are corrections. before Gold will skyrocket, we will see a correction from current or 2000 $ into the broad 600-1400 area.

Further supporting facts is the contrarian indicator sentiment. We see >95% bullish sentiment on gold which indicates that too many are already invested and the short term trend will change soon, as it happened so many times before


Charts? What about fundamentals?

What about the average guy on the street who doesn't own silver or gold?

Of course there will be corrections. A monkey could predict that. What's happening today is a paradigm shift of EPIC proportions. Chartists are getting killed out there.

$600-$1400? Leaving a little room for error there eh?

I'll wager you some BTC right here and now that gold does not go below $1,000. Ever. At least not in our life time.