Here is the answer to the mysteryThis is is my answer to the gold mystery, the only one making sense:
The markets never lie.
The us dollar is going to $1.60
Gold stocks are incredibly overrated and overbought because
i) there is always a writedown for tax in some gold company quarterly report
ii)Gold costs increase more than price of gold because they cant manage mostly migrant temporary workers
iii)They always exagerate the underground little pockets of gold for oceans (we foresee, could, expectations are.....
iv)Even govts must contain and control the unruly gold delinquent, by beating him every morning at 8:30 to lower its drunken price
v)Experts like wall street veterans know about this mafia this is why they avoid ever talking about gold until asked, they know and tell us just 5% no more in gold stocks because of days like today
We watched to many movies about striking it rich and get caught up the romance of dust sold by gold miners
Gold miners are always going a study to keep us confused when there is just dust
watch the crooks in gold head for the exits because they know the game is over. They now talk about aa 1600 price level and this will be next week and gold stocks will go down another 30-40%
Then gold price will go up $100 and all gold stocks will go up by 1%
Then the price of gold will drop another 2% and gold stocks between 6-8%.
Then Kitco will warn of further downside because the inverted head and shoulders failed to form perfectly.Kitco work to protect us.
then the bottom will be in after a few trading days beginning on a Monday and gold stocks will be at half the price of today at least and gold will be at 1475.