Like Richard Russell, I'd rather be a buyer here. His 40 week chart suggests a big upturn is coming over the next few weeks and months. However, the rise will not be in a straight line.
The inimitable Richard Russell spells out why gold will trounce other investments in 2008. His analysis is from several perspectives and his drole humour is unique. Russell echoes the magic realism of the movie, "The Field of Dreams": "Build it and they will come", with "Create It And They ( the Americans) Will Spend It". LOL!