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Yet another poll that doesn’t indicate a whole lot of fear in this market that is usually attributed to a long term reversal.
That’s because they’re polling those left in gold. The gold bugs, if you will. Take a more main stream poll & you will find much more .
pessimism
Most of the Gold Seers say Gold is overdue for a big push and the dollar is on the verge of collapse. I believe its probably true since I have been reading the commentaries since the late ’80’s. I got into Gold first when it was around $255 in the late 90’s. I believe we are eventually in for a giant blow off top by 2016 or so and I intend to springboard off of it. That is unless the grand manipulators at the Fed resort to drastic measures such as Marshall law and confiscation.
Many would very much like that this interruption in the gold bull market is directly analogous to the 1975 decline, meaning that a mania should ensue.
It would come as no surprise that Fed tapering theories probably have more to do with Barrick hedging production. When people realize that the Fed has little to do with an historic rise in equities, a meaningful risk reversal gets underway.
But there is a stronger analogy that markets resemble more closely the 73/74 market, where equities sold off, and gold rose.
Meaning to say that a ‘W’ recovery is probably in the cards. ‘W’ for Wednesday.
Thanks again, enjoy the website.
Which I wanted to point out to everyone concerned, that this reminds me of the movie ‘It’s A Mad, Mad, Mad, Mad World’ where the money is to be found under the big ‘W.’
http://www.imdb.com/title/tt0057193/?ref_=nv_sr_1
Yeah! I remember that. Jimmy Durante kicks the bucket. Literally.