There's also one other "warning" I've heard so many times over the past couple of years I'm numb to it now.

Every time gold rallies, and I mean every time, the gurus come out of the woodwork and say there will more than likely be ONE more pullback (correction), then it's off to the races.

It's like you say, every time gold shows signs of life, total fear takes hold of the gold sector as it holds its breath for that just one more bashing. For gods sake, how many one more bashings are we going to have?

Yes, the cartel manipulates the gold market, and yes, they always teach the new gold investor a lesson to make sure investors don't want to touch gold with a 10 foot pole. Yet, over the last 8 years, gold and silver have been in a bull market while everything else isn't worth looking at.

The Cartel has us all trained to be afraid of the almighty gold basher, no matter what the economic environment.

OK, when all was right in the investing world and all economies were humming along with no cares in the world, yes, no one wanted gold, and the few that did , like us with foresight, were constantly aware of the rules of the gold game. New investors that didn't know the rules were taught a big lesson: stay away.

Well, guess what, all is not right in the world today, and Americans still aren't buying gold. In fact they're probably selling their gold to those guys on the TV commercial. But someone is buying gold. Who? Will they be scared off by the Cartel?

Also, anyone notice lately that gold climbs with the Dollar now? And even this past Friday, the Dollar was creamed and gold went over $1000 There is no longer an inverse relationship with the Dollar. Doesn't take a rocket scientist to figure this out.

Europe is falling apart because of Eastern European countries collapsing, which is dragging down the European countries, and the Euro.

People in Europe are scared and buying gold, doing what they can to preserve what wealth they have left. They don't give a darn about technical charts, MACD, Stochastics, etc., they care about saving their skins. And there's nothing, absolutely nothing, coming from their governments, or any where else, that's going to reverse this situation. As Jim Sinclair has said, that pile of brown stuff has hit the fan, this it it.

All these years we've been waiting for that pile to hit that darn fan. It's been hit. The collapse has began and it's just going to keep getting worse from this point forward. Europeans are buying gold; they're more scared of the real collapse happing to them right now than any BS scare tactic the Cartel has up their sleeve.

Yet here we goldbugs sit fearful of the way some lines appear on a chart while Rome is burning.

At this point in time I'm am much more afraid of not having my gold positions than being afraid that my stocks may fall a bit because some chart guru said this, or the Cartel may do that.

Everything any one buys as an investment will gyrate up and down, yes, even gold and gold stocks. I'll be darn if I'm giving up my seat on the train, because it's no longer a matter of waiting for the train to leave the station. The conductor as already blown the whistle (Europe) and the train is moving. Yes, the train is going to be a bit jerky (gold price gyrating) as the train tries to get traction on the rails.

Terry