Tradestraff you are bloodily right. I believe this kind of analysis should be put in an appropriate time frame. Being Bullish or Bearish is more an attitude than a real trading strategy, if the bullish case was the case long term then it will take months of consolidation to work itself out of the range. I won't be surprised to see barely moving between 650 and 750 which can still be profitable but it just that a short/medium term strategy. If you are reading this article you probably don't have 100 million bucks to move the market yourself, so follow the trend, sell now booked profits on December and Gold Bullish in January 2009 risking the profit made in your short selling and then you can rest no matter what happens to the price of Gold.
The Rebirth of Gold and Silver? [View article]