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Re: Lebron23 post# 184617

Wednesday, 10/05/2011 7:57:46 AM

Wednesday, October 05, 2011 7:57:46 AM

Post# of 221892
You are assuming divergence in gold prices. As the economy gets worse, gold gets better. Check out gold prices in 2009 when things got really bad. When things get really bad, you get convergence. Convergence is more common than divergence. Gold is one of the few commodities silver, oil, copper, etc. that haven't experienced a 50% correction. It might or might not. I am not trying to scare you. But, if you read charts or commentary (i could copy and paste many) golds fall is increasing in likelihood. I hope gold does make new highs, but, that is getting more unlikely to assume divergence when the past says otherwise and so many things are falling.
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