Bye Bye Gold Nonsense

[Yelnoc]

Gold @ 1815.40, down 44.20. 

Gold has hit a plateau.  In July and August, it had a run up, peaked at 1898, and then corrected down 8-9%.  It came off the bottom, actually closed one day over 1900, but has been staying with 5% of its pre-correction high.

It definitely was not a bubble bursting.

The only thing I can see is maybe a long correction period where it will be 1-5% off its high.

Is it just me, or is 1815.4 still really high?  Seems like gold was in the 1600's not that long ago.

[Yelnoc]

So you're saying Gold is plateauing and in the future a median around this range will be used as the "average?"  Because that's the gist I'm getting from your posts.

[Yelnoc]

Were you just on Fast Money?  Because they had an analyst from such and such on who pretty much parroted your past few posts correlating the current trends to those in the early 80's.