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On the AUD or US price of Gold? On a technical note Gold (US$) broke under a 2 year trend line earlier this week, but Friday bounced back above causing me to think it was perhaps a bear trap. We are heading out of a seasonally weak time for Gold into a strong one, but your expectations of more...

I guess we will see soon enough, personally I wouldn't short the DOW as we don't know under what circumstances they will come to their 2:1 or 1:1 ratio. Could be with Gold at $5000, Dow at 10,000...then what good would have shorting the Dow done you?

Do you really think that it's possible for the US to just "right itself"? Personally I think it was put quite well in an article by Sprott last year: http://www.sprott.com/Docs/MarketsataGlance/09_09_MAAG.pdf I think the only other possible option would be a change in currency for the US...

Given we are in the worst crisis since the 1930s and given that the problems (debts) now exceed those of 1930 then I know where I would place my bets.

When you say you sold your Gold was it a physical or paper position? I assume paper...we shall see, I don't think you will get your 10% pullback from here (at least not in USD, we could see the AUD rise against the USD causing AUD price to drop...) Gold just past 1000 Euro (new high) Passing...

Personally I think Gold is heading higher in the short term (no pullback to $1000), I don't think we will see back under $1150 in this bull run. Think a run to $1350-1500 is likely before July with a pullback perhaps to $1200ish later in the year then higher again possibly towards a parabolic...

I agree it's best to spread your holdings. Personally I am around 25% physical (mixture of bullion coins/bars) & 75% ASX listed precious metal related stocks. The proposed resource tax is evidence enough that the government will try and flog from those that do well, so think it's important to...

I loaded up on Silver 18 months ago as well (mid/late 2008), but don't recall prices that cheap in AUD, from memory the cheapest kilo bar I got over this time was around $450...$14 an ounce (and spot wouldn't have been much less)

Some stories on Zero Hedge from traders seems to indicate that it was not an error but a result of the computerized trading algorithms pulling all their buys and removing market depth. http://www.zerohedge.com/article/dissecting-crash Also...

More importantly (for us :D) AUD Gold @ $1360+, although with the general market crunch I'm betting my precious metal related equities continue to get sold ff :( Gold is truly becoming the safe haven trade that many watching/buying have predicted.