Could this be the last pullback in the price of Gold before it heads up and beyond $1,000?

Your guess is as good as mine, market analysts, and professional traders. Nobody knows to the day when it will happen, but  what we do know is that it will happen and the hope is that we are all positioned correctly when it does.
 
 Just like the dot-com crash of 2000 and the subprime meltdown we are all too familiar with. The US dollar will collapse.

The rush to the $US and its run-up to where it sits now is nothing more then another speculative bubble in the $US dollar.

"Fool me once shame on you, fool me twice shame on me"

Investor's who turned millionaire over night and lost it all the next day know that the dot-com boom was nothing more then a bubble. Did they learn from their mistakes or were they desperate to make their money back in real-estate?

It would have been nice to have been invested on the right side of the dot-com boom and in real-estate before the subprime meltdown. But I am glad to say I wasn't heavily invested during either of those times and didn't experience the loss of wealth that so many have experienced.

Having no emotional ties to either event I can only speak from what I read and study, but to me it looks like the rise in the $US is nothing more then another bubble. During the market sell-off of late 2007 and 2008 anything and everything was sold to preserve capital. Money was parked in US treasuries and the smart money looked to gold.

IMO the $US can't continue on this tear and has never experienced such a run-up in price this quick. The bobble heads on the major media networks feed investors with what they want to hear and have
contributed to the run-up in the $US IMO.

The collapse of the $US dollar bodes well for gold and the recent pullback could be the last one before the rush on metals.

Don't take my word for it! Have a look at this quick video of Peter Schiff on CNBC Fast Money who predicted the mark meltdown before it hapened and below he makes his predictions on the $US and gold well known.

Cheers,

cvac01
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