Our brilliant humble trading friend Rick at http://www.rickackerman.com/
sees a short to intermediate top in gold, while noting it could go to 1337.20 or 417.10…

We sold our gold and silver because we do not trust trailing sell stops to get us out safely in times of mania and deflation.

The Japanese Nikkei 225 peaked at 18,300.39 in February 2007. That was eight months before the American Dow 30 Industrials peaked at 14,279.46 in October. http://stockcharts.com/charts/gallery.html?s=%24indu

The NIKK fell some -12% since August 2009, perhaps ahead of the Dow 30 again. http://stockcharts.com/charts/gallery.html?$NIKK

Gold adjusted for inflation is half what it was in Jan 1980.

But do we really have inflation?

I had a financial friend who was a triskaidekaphobe. He did not like the Friday the 13th film franchise genre, with 12 films now. (Will the 13th release be unlucky?)

http://en.wikipedia.org/wiki/Friday_the_13th_%28franchise%29

We were on a date in the 70s at the Rathskeller of Ghiradelli Square by the San Francisco waterfront. An elated gentleman at the bar where we were waiting to be seated offered to buy us a drink. It seems his company had just gone public and he had made very good [...]

Tuesday the IMF International Monetary Fund announced it sold 200 metric tonnes of gold to India at $1042 an ounce.

Gold soared over $1092 on panicked buying.

Should we rush right out now to buy Gold or Silver Eagles at a premium?

Maybe not. Decisions made in haste are often soon [...]

The Trees:
There is unrest in the forest
There is trouble with the trees
For the Maples want more sunlight
And the Oaks ignore their pleas

Who missed the 1943 Academy Award nominee movie classic tear fest set in Depression Era Yorkshire, England, starring young Elizabeth Taylor and Roddy McDowall?