Been using this concept for years in valuing markets vs one another, I guess my secret is out now. It also works for SP500 although 10 or 30 yr bonds work better. Reversions regularly happen when these overbought/oversold levels are hit. Of course you use the dollar vs gold to determine gold valuations.

Can’t wait to buy gold now since it is going to 6k, Jesus people do not fall for this con. The Gold hype is just like housing in 2005 and stocks in 2007, 2000. Plus my favorite part is that you get to pay a 35% commission to buy the coins, so you need a huge move just to have a scratch trade.

I cannot believe people fall for this crap. Only a matter of time before Joe Battalia gets a pie thrown in his face. I do trade the long side of this market at times, but I am just shocked at how many people are swallowing this hype on something that has already tripled.

The 6k Gold people are the same ones that blew the tops in housing and stocks, yet we will bet our live savings on them to get this one right?

Interesting how 1980 to 2000 does not count with Gold. Remember we had big time inflation in the early eighties.