RE:Gunner24.com...GOLD UP2nd worst pull back in history.
So you are telling me there is room for the pullback to get worse and set a new all time record.
And it could happen, the price of gold looks to be floating in toon town just waiting for a reason to drop below $107x and then below $1000 and to finally test $8xx levels. Of course that will take years as there needs to be enought time for full mean revision to take place. Here is an interesting 50 year regression on price of gold
https://www.goldminerpulse.com/corrxy/gold_price_trend_max.php
Yes, 50 year regression shows gold is in an uptrend but it also shows it gold needs to fall further to satisfy mean regression. Of course, one always expects a bit of undershoot for the mean regression to be meaningful, so a $8xx bottom looks like it could happen over the next 3+ years.
Here is the chart from the link
hoss123 wrote: RICKARDS...GOLD UP...Currency Wars..and and and....Please the bearishness in gold mining ranks 2nd worst pull back in history...Gannn Financial...check it out...And as for THOM who from here...give me a break who would even re-write that man has to say...it would be like listening to me...I made referrels here far beyond the brain geometry of anyone on this board...BGM UP