Gold just hit $1804
 

:upsidedow:upsidedow:upsidedow

$1805.80

$1809.40

lol it never stops going up :upsidedow

thats the way bubbles work :thumbsup

As I understand it (I would need to check my files but I am too lazy right now) this price matches the previous high back in the 80's when you adjust for inflation. So don't be surprised if there is a painful correction at this level before it levels back off and begins to rise again. If I was currently trading in and out of the market I would be a seller at this point.

Here is a chart that may help some people understand what is going on...

http://www.zerohedge.com/sites/defau...Ceiling%20.jpg

http://www.zerohedge.com/news/immine...950-and-higher

Adjusted for inflation the previous high was around $2400-$2500.

I'd hit it,2x's!

ok thanks, well there goes that theory:1orglaugh But of course what do I know because I sold almost everything in the mid- $1600's.

It means you were smart. impossible to be a fortune teller and predict the exact high point. Assuming you had been buying over the years at a much lower price, when you sold you won. If you were to hold on now, or even worst buy in now like a lot of people, and it takes a big drop then you would have lost.

When you sell for a profit you win, when you holding it you never know how well you did till you sell :2 cents:

Its like being the idiot at the casino who is up $1,000 and is all excited because he is winning, but doesn't cash out and later is all upset because he lost it all back. You are not a winner till you get up and cash out.