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Trader Dan and his gold bug problem

Posted by Richard640 @ 22:27 on August 8, 2014  

As a last comment to the rabid gold bugs – Yes, I know you will hate reading this and I know you will want to vent your spleen at someone who is giving an honest opinion. Spare us your venom. You can rant and rave and spew out all the trite arguments that you have mustered over the years but that will not change the reported holdings in the GLD, nor the fall in commodity indices nor the stability in the US Dollar. If those things change, I will happily note it. If they do not, then I suggest you are losing reason for gold to move to the kinds of levels that some in your camp are throwing around.

Markets move when they are good and ready to move – screaming, throwing temper tantrums, slandering others with different opinions than yours will not do a single thing to disturb the gold market. It will do what it wants to do when it wants to do it. Learn that and accept it – you might be a happier person. As it now stands, one thing I have learned – the rabid gold bugs are your best friends as long as you sing from the same choir book. Change your tune, respond to changes in the price charts and to investor sentiment and money flows, and they are some of the vilest, most bitter and malicious people you will ever run across. Touch their yellow metal god and they will curse you and spew out hatred which is astonishing for its ferociousness.


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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.