valuation, page-28

Mate,

SP depends on POG and you can't possibly know what the chinese are going to do or traders in LONDON and NEW YORK gold have gone up a lot too soon IMO there will be profit taking before they hit higher LGL can't hold today so everyone is getting a bit nervous, if DOW falls GOLD will fall and $US will get stronger again and LGL will be back under 3 even though the chart looks solid to me.
POG will touch much much higher in time with trillion of dollars in US economy yet the US government can't afford to pull it out of the system yet...hey they are still sacking hundreds of thousands of people every month and everyone is already having a party celebrating economic recovery and we have put our rates up by .25 point so hmmmm hope they know what they are doing?! till they create hundreds of thousand of jobs a month in the US I would not call economy recovering not even close...
so relax LGL is only warming up but profit is profit and I like to take profit and nothing goes up or down forever.
One day inflation will hit and the everyone will wake up from their dream and by then gold will be 2000 or more and LGL hmmm anything is possible lets start at 4.50 and interest rates will go to the roof again and the cycle begins again

Cheers.