Loading ...Gold acted like that yesterday, today and 3 or 4 times [Vesuvian Tremors] in the past 6 weeks–those tremors were diagnostic clues that most missed…
Gold bears clinging to their deflationary grand thesis must realize by now-I hope-that-as I have said many times on this forum–there will be NO repeat of G&S’s performance of 2008
That is because even the most mainstream of the mega-money fund managers all know what goldbugs know– BUG dialogue has entered the mainstream-that 2008 nonsense about “selling everything to raise cash” will not fly this time around…
But we shan’t order our Lambhorghinis just yet….there is a powerful, evil and malignant enemy of gold out there….look for margin increases on the comex and cmd soon if this keeps up–but I doubt they will be effective–there is just too much money out there in Radioland….chasing too little inventory