RE: the 'goldrush' has just begun,you amateurHarvard,
Welcome the thoughts, but couldn't disagree more. It's a pretty safe call to say gold will break $300, when we're sitting at $304, but I still see this market in gold as very early stages of a massive bull market. You're right about things going up and down forever, but how do you translate that into what's going on now. Gold's been in a bear market for over 20 years and has been moving up for 1 year. The big market will not go down forever but it's just started to go down, and still nowhere near normal P/E ratios. If you're in the market for the long haul, I hope you're young. If we see a rally in the big market for a week or a month, doesn't matter, the trend is down and will be that way for a few years. This market will only turn around when there is basically no interest in it at all. Bear markets don't bottom out on record setting volitility and volumes. JMHO
Good luck to you, we'll just agree to disagree.