GOLD - Could history be repeating?.....2011 pattern

TVC:GOLD   CFDs on Gold (US$ / OZ)
- As shown in the chart


I think you are wrong, but I wish you were right. Do you really think this is possible with current inflation, which means money is losing value? Yes, you can print money, but can you print gold? P/E ration is crazy high and all this debt madness will have to pop at some point, then everyone will remember gold, like always they do when bears come. What you show here from technical analysis has a point, but you don't need to look around much to see all these red flags around, and this chart doesn't show how much value in dollar is lost through a decade.