Friday, November 29, 2013

Shocking Chart Shows Gold Will See “Astronomical Levels”

from KingWorldNews: We’ve seen a lot of capitulation in recent days, and not just in the gold market. Hugh Hendry, who is a guy I have tremendous respect for, has thrown the towel in on being bearish and he’s turned bullish. In his own words he said, ‘This is probably the top of the market, but I just can’t sit by and watch all these other people make all this money anymore.’ And that’s a really dangerous place for the market to be, when people are buying stuff because it’s going up and because other people are making money. That’s what happened in 1999. So we’re getting to extremes here, and there are a lot of smart people saying, ‘You need to be very, very careful here.



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