Originally Posted by
Skol
A double top could still be on the cards it hasn't broken out yet, I'll be sticking with a variety of stocks, VBA which I bought a few days ago. Also TOL and as you know DOW.
This thread reminds me of the peak oil thread started by the perennially pessimistic tricha.
On that thread there were the plaintive cries "we're running out of oil", which of course, several years later hasn't happened. Now we're running out of gold apparently, but a recent check of the news shows several companies, especially in Canada reporting more gold finds.
There will be of course, because the price makes it worth while to find more.
The more news, the more the 'mums and dads' as they're politely known, will be piling in.
I just can't think of any possible reason to to own it.
Gold's going up because gold's going up, that's why. The rest of it's pure fantasy. Too much Peter Schiff and all the Judgement day predictions.