Looks to me like its the final nail in the coffin of the gold/silver bull market.
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Looks to me like its the final nail in the coffin of the gold/silver bull market.
Looks like this is 'it'.
The slope could be very slippery indeed, in 1980 there was no computer trading, CFD's, or ETF's.
well I'm glad my two gold investments are both very cheap one with a low cost to produce 500-600oz USD the other with very low value to resource $15-16per oz
Lol. You fellas sure know how to whip up a storm in a teacup.
Gold in US dollars peaked August last year and has been in a decending trading ( down trend ) range since. Freefall could be considered a bit of an exaggeration. A drop to $1550 may be cause for alarm. Maybe, and thats a ways off yet.
In real money its been going sideways for a year and a half now. Whats the fuss about?
Looks like gold bars under the bed are about as safe and profitable as Aussie dollars under the bed.
Shows over Goldies! ASX gold ETF live chart:
http://i.imgur.com/jSLJZ.jpg
oh..wait