Beware of Gold Bugs

Just a quick comment.

I'm seeing in the blogs and print media all of this talk about buying gold in this environment.

But in terms of technicals I just don't see it:



Of course anything can (and will) happen. But I just don't see a real case for gold for two reasons:

1. We are experiencing a worldwide DEFLATIONARY WAVE.

2. The weekly technicals appear "toppy" to me