GOLD, could it all be in the price?

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Gold is stalling and my only concern is that everyone seems hooked on Gold.

We have a number of “hype merchants” trying to cash in on a never ending rally – I won’t mention any names but I would be interested in hearing from anyone who is involved. Gold continues to look a no-brainer. Even if the various reflationary measures do nothing for the global economies they seem sure to devalue currencies – don’t they? Or could it already be in the price? Maybe, but for now I will stick with the wave pattern and this still looks good for $2000. But there are ZERO sure-fire bets in the markets.
We remain 100% long of Gold via the ETF PHAU, entering first on Friday 30th December 2011 when Gold was around $1560 and giving further entry points along the way, the latest being on 31st August.


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