Replies to post #139 on All Things Precious Metals

[DragonBear]

The chart is not an opinion and price setting has nothing to do with a fair market

Neither does a fair market have anything to do with a chart. A chart based on technicals that pre-date the modern market.

Also, what's deemed "fair" vs expectations (i.e. a form of opinion)is of no concern to the Forex boyz. They don't fight the central banks. But if one wants to swim against this red tide, then by all means ... leap onto the white horse, and buy every gold ETF out there at today's prices. Make sure to buy more as the Fed continues its rate hikes next year.

BTW - Gold bugs have spent $3B trying to find the bottom for gold in the last 18 months, with almost all of the cash flowing into the gold ETF GDX, which lost 46% in value. No, they don't get the prize. Approx $28B has flowed into oil ETFs trying to find the bottom for the oil patch.