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<p>[QUOTE=&quot;Morgan1878, post: 734027, member: 17869&quot;]There are a number of people on this forum that that are very good with respect to &quot;working the market&quot;. They are not investment professionals and are likely better at it than many so-called &quot;market pros&quot;.</p><p>If you do your homework and put a leash on your emotions, you will succeed more times than not. No one bats a 1.000. Hit for good average.</p><p><br /></p><p>I don&#039;t know the price at which gold will top out. Even the best prognosticators can be very wrong (even though few of them will admit it after they&#039;ve been proven wrong) Personally, I watch the mega-trends, the macro-economics that will affect the price. The big trends, like inflation are like super-tankers that take time to turn around. So too, is the decline of the dollar. As well, so is the trend of countries and their central banks to diversify their assets away from the dollar. I started to establish gold positions in 2004 based upon the recommendations of legendary money managers (Jean Marie Eveillard &amp; Barton Biggs to name a few). I&#039;ve added along the way as it became clearer that gold as a form of insurance was desirable due to the uncertain financial climate. </p><p><br /></p><p>Today, the G-20 indicated that there would be a no lack of monetary stimulus for the immediate future. This sent gold and commodities up, but markets and paper assets worldwide also went up. The G-20 announcement is inflationary in tone since lots of money will be available at very low interest rates. While some of this money is buying gold &amp; precious metals, it&#039;s also buying other assets that are considered cheap.</p><p><br /></p><p>So for now, the price trend for gold is up. But as with any other asset, there is a ceiling. So far, there are not signs of a &quot;frenzy&quot; or &quot;frothy&quot; top where there is indiscriminate buying. Time is not full for a resolution of where gold will end as far as a price top. So for now, I will wait and watch.[/QUOTE]</p><p><br /></p>

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