RE: Feb $11 putts = easy moneyYou can keep saying the bubble is popping and eventually, albeit it could be 10 yrs down the road, you may be right.
BUT the "reasons" for POG to go higher, far outweigh those that say lower.
Yes, we may go a little lower short term.
I hope we go down to $1270 (not far now) so we can all feel more comfortable and load up and than watch POG fly.
But we may not even see POG $1300 before we move higher and not see these levels again.
If that happens I think the share prices won't move as much as POG. People will still be hesitant waiting for that final pullback. It happened last summer.
When everyone on the street is saying you gotta buy gold and everyone is jumping into it and the price is moving by leaps and bounds, that is when you should be weary. We are growing slowly and steadily with natural pull backs here and there, which allows us to get in.
I believe after the bubble does happen and that may not be for a very long time, we will see gold settle in the $1,400 area and I believe it won't go lower than that. There are a whole number of reasons for this.
Cost of gold to mine, as other countries get wealthier the more they hoard, More people need more to go around, gold has always been in demand, Inflation and if we go to an international currency I think gold will need to back it.+++
JMO
GLAH