ROLEX18K

Gold's Big Picture

The GC will crash, I repeat my previous comments only bring new observation for your consideration.
Today walking in the downtown in Frankfurt, Germany, I passed many jewelerly boutiques many of them are brand names like Cartier, Wempe, Christ and all the rest is high street high end focused luxury selling shops.
Most of this boutiques were empty and employees inside exceeded public inside, I wondered if they sold anything at all today.
Then we went with my girlfriend to shopping center also high end focused, the highest floor with most expensive designer clothes was alost empty, the one below little occupied, the floor where are the cheapest brands and exit/entrance was also not busy.
That's why Gold is heading for 700,600,500,400,300,20... but soon 500-600 $ per ounze is very likely.