Hooloovoo

I happen to live next to those statues. They are covered in Gold and look absolutely amazing when the sun is shining - if one likes shiny things. I presume this picture is a subtle disagreement with the previous post that the Gold bull might be over. If so I agree. Having said that I personally believe that the market is manipulated and that the Gold price will be controlled untill after the elections. We are still making lower highs and lower lows after the "September to remember" where we reached the current all-time high: Not making any analysis here, I just think that the explosion (upwards) in Gold is less imminent than most Gold bugs think. I have no doubt that the explosion will happen though and that it will be spectacular - but then again I am a buy and holder without leverage, then it is much easier to weather these draw downs - and the real bonus is that one doesn't have to be an invetment genius - one just have to know how to sit tight. In a Bull market all timing mistakes gets corrected by the Bull - the Bull likes to kill people using leverage though, and this consolidation period in Gold if it stretches out for the rest of the year will flush out all the weak hands - and as soon as that is taken care of we are off to the races again - it has happened 4 times already in this Bull market, but as most investors are latecomers or have short memories, these corrections followed by long term consolidations will seem like the end of the Bull, and if one is heavily leveraged they will seem like the end of the World - but it's not, if it was the end of the World Gold would be going up Hopefully some of the Gold manipulation will be exposed soon so we can get real price discovery. - Or if You prefer to communicate in pictures, Errol, then here is one of my personal snapshots of the same statues from the other side:

Seems to me that they will: