Originally Posted by
moosie_900
yerrr, if you sold your gold miners this past week...!
Hate to say it but have been comparing 1980 to 2011-12 and looks very similar (chart wise). huge run ups, fears of things which never materialised, a break downwards followed by an "I dont want to miss the train" rally, then ultimate downward spiral and price collapse.
1980 - $850 to $300 in less than a year.
2013-14 - $1970 to (my estimate) $800 by the time tapering has nearly ended in December 2014.
There might be a relief bounce this coming year (just like 1981), but it will be short. I shall be watching closely for it.
Time to put my shorts on.