Hugh

Short Term Warning for Gold Bugs

There are just too many variables involved for anyone one the planet to really know what is going to happen in the short run to the gold market, or any commodity for that matter. Charts are only history, and are little better than tea leaves.

Gold is easily moved in either direction by factors outside the gold market itself.

A "contrarian bearish reading" is nothing more than a "mainstream bullish reading."

All of the charts ever created, and all of the talk ever uttered, will never replace the fundamental fact that paper money has no backing.