Me? An "expert"? 'Fraid not. I'm just a trader helping other traders, sharing what I know about support and resistance trading and trying to help the small guy turn a buck.

I don't pretend to know where prices are going next, and with support and resistance trading it really doesn't matter. I just react to the clues the markets are giving me now and take my share of the move. Gold might well hit $1200/ounce, but I don't know how the market will support such a price. After all, there's only so much demand for any given product and at these prices you know the gold producers are shoveling it just as fast as they can find it (I know I would be if I owned a Gold mine!)

I have a friend of a friend who has a claim in the Yukon and mines gold for a living. Their season is almost done as it's getting too dark and cold to mine anymore this year. The northern mines probably won't start producing again until the spring so that might put a crimp in supply, but that's just my guess, I don't know for sure. The interesting thing is that all these miners have substantial personal reserves which they save up for when gold prices spike. My friend told me that he saw the biggest gold nugget in his life in his friend's personal reserve. The friend called it his "insurance policy" but at these prices I wouldn't be surprised if it had found its way to market by now though.

On the other hand the charts are telling me that we're due for a (short term) correction. Will it go lower? Short term, probably, but you could make a case that gold won't be coming down too much as long as the world's economies are screwed up... and that could be a long while. I wouldn't sell long term, the market's in a strong uptrend, but I don't know about holding gold to $1200/ounce either!

I guess we'll just have to wait and see what the charts "say".

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I haven't had a chance to look up the Natural Gas chart. My data provider doesn't have the correct exchange and I haven't had time to search out another source, but it is on my to-do list.

Erich