"You are the very cause of your ignorance, yourselves. You put away the light, yourselves; you first pluck out both your own eyes, yourselves; and after that other men’s too, so that the blind may lead the blind, until you both fall into the pit.”
Thomas More, The Sadness of Christ (Gethsemane), Tower of London, 1535
17 May 2008
Gold Is Historically Undervalued - Longer Term Projections to $2700 Before the Year 2016
The charts indicate that relative to historic relationships gold is particularly undervalued right now. Gold has broken out of a 20 year bear market, and is just beginning the second leg of what may prove to be a historic rally.