Evidently Robert Prechter is gaining airplay with a 'Gold is over owned' thing he did in the major media. Here is Adrian Ash's take on it: Gold's Inflationary Bogey, Part 1.It is time once again to present BullionVault as a good alternative for gold ownership (the etf's are highly suspect in my opinion) and trading now that the hype has eased, the momos are getting flushed, the metal is declining toward our downside correction target and Mr. Deflation has once again dawned the fright mask, scaring many oh so emotional gold bug wannabes and inflation trade automatons.
You buy gold when it is hated or dismissed. You prepare for turbulence when it is popular.
