Based on the way Im looking at the charts, I could see gold dipping back to as low as 1480 or so and STILL be in an uptrend. What I try not to do is compare current times to previous times.
So when will this bull market in metals come to an end? I can only see that happening when the dollar stops going down and more importantly, when the govt stops spending like a drunken sailor.
Neither of which have any hope of happening soon, tea party or not.
I think it was Peter Shiff or Jim Rogers commented once when someone asked him "when will it be time to sell your gold".
He said something to the effect - "when everyone is lined up to buy gold from stores, instead of lining up to sell their gold jewelry"
Gold will doubtfully see 1650 again, let alone under 1500
based on the dollars printed in the last 2 years, the rate of inflation on food, fuel, clothing that our GOV seems to have dropped
off the scale of measure,,
I am still very suprised silver has been so flat,
We will see, less it is fixed massive inflation in all goods and services with in a year...
I can not call if were at a Jimmy Carter, LBJ or FDR moment in history..
I still believe it will easily hit $1,800 and even up to $2,000. Morgan Stanley says $2,500. link