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THE PROBLEM WAS THAT GOLD BECAME A PART OF THE SPECULATORS SHORT DOLLAR TRADE LAST SUMMER...
AND THE MARKET ROSE TOO FAR TOO FAST...THIS IS ASKING FOR A CORRECTION...
GOLD STILL REMAINS THE LEAST SPECULATIVE OF ALL ASSET CLASSES...UNDER CURRENT CONDITIONS...
AND NOW...INVESTORS CAN BUY IN MUCH CHEAPER THAN JUST A FEW WEEKS AGO...
JUST THE CENTRAL BANK BUYING...IN THE FACE OF AMERICAN MONETARY INSANITY SHOULD BE ENOUGH TO SPIKE GOLD HIGHER IN 2010...
THERE IS STILL MORE TO GO ON THE DOWN SIDE...
BUT THERE WILL BE A REVERSAL SOON...
OIL IS HOLDING UP...AND GOLD IS FALLING IRRATIONALLY... JUST THE OPPOSITE WAS HAPPENING ONLY A FEW WEEKS AGO...
THIS IS A TRADERS MARKET...BUT THE RECENT GOLD DECLINES ARE A GREAT OPPORTUNITY FOR INVESTORS WHO "MISSED THE BOAT" THE LAST TIME TO GET IN...AND AS THE CHART SHOWS...WE ARE SEEING A NICE BUYING OPPORTUNITY...IN A LONG TERM BULLISH TREND...WHICH HAS NOT BEEN DAMAGED OR EVEN QUESTIONED AS YET...
THE ONLY WAY GOLD STAYS DOWN IS IF THE FED HIKES RATES CONSIDERABLY...
AND THAT JUST ISN''T GOING TO HAPPEN ANYTIME SOON...AND WHEN IT DOES...IT MAY BE TOO LATE TO STOP THE INFLATION ANYWAY...
REMEMBER...THE FED "DOES NOT SEE" BUBBLES BEFORE THEY BURST...!!
