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Shahla
Money Managing Guru
Joined: 13 Nov 2004
Posts: 3324
Cash Points ££ 126163.28
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 Posted: Thu Apr 17, 2008 3:39 am Post subject: Gold Correction or Price Collapse? |
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By: Darryl_R_Schoon
Conduct your victory as a funeral - Tao Te Ching , Lao-tzu
Gold's recent sell-off from a high of $1033 has sent once jubilant gold investors to the sidelines to reassess gold's present malaise. Rest assured, gold is going higher, much higher. While there will be corrections along the way, gold will someday break out and explode upwards towards yet to be reached heights.
But when gold does reach that record level, it will not be an occasion for celebration—on that day there will be no dancing in the streets, there will be misery.
$1000 gold is a milestone—on the road to hell - Professor Antal E. Fekete
In How To Survive The Crisis And Prosper In The Process , I describe the 5 stages of gold that precede and occur during what I call The Time Of The Vulture . We are currently in stage 3:
STAGE 3: THE PRICE OF GOLD BECOMES INCREASINGLY VOLATILE. The price of gold is subject to increasing highs and lows as large investment funds move in and out of gold as global economic uncertainties wax and wane, a sign that gold is increasingly a haven in uncertain times.
http://www.marketoracle.co.uk/Article4233.html |
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