Originally Posted by
Skol
Maybe I should have been more specific, he expects the price to decrease by $300/$400 over 3 or 4 days, i.e. to around $1000.
Why does the POO have to drop? In EZ's theorem above, if you read it , a collapse in the gold price would mean temporary abherrations for most commodities but the money exiting the gold trade would inevitably end up somewhere else.
When gold implodes, imho it will completely disconnect from other commodities because it has no use.
Steers, soy beans, oil, corn, etc, will continue to increase because the demand's there, you can't eat or fill your car with gold.
Some say it's not a bubble yet, but no one knows, it's only a bubble in retrospect, and it will burst, but for some reason the goldbugs reckon the chart has to reach some special parabolic stage. It might, or it might not.