Near term consolidation almost doneGold will take another stab at $1,000 soon.
Just a matter of time before it spikes past it of course.
Think of it like Real-Estate.
You can't buy that house back in the 60's for $30,000 again, let alone $300,000.
Don't be surprised if Gold is averaging 2-3 thousand / oz a few years from now.
Inflation will be back. You can count on it.
Right now, I like to hold the following:
Gold & Gold stock (IMG) & PM Mutual funds
Silver & Silver Stock - SSO
Pfizer - good price right now with Q div
Tim Horton's - good price right now with Q div
and Horizon Oil Bear, HOD on TSX. (Oil has to eventually come down)
The world doesn't work with High Oil prices.
I don't like much else.
...later