Hutch:
Unlike others on the thread, I enjoy your posts, as well as Rarebirds. You both make good points, although I wish both of you would not get so personal about it. Anyway in your last post to Rarebird you said:
"You fail to understand the strife that Euroland, Britain, and Japan are going through right now."
I take it you don't think they are in recovery now? What if the doom and gloomers are right and the market heads south. What does that do to your scenario?
One thing I agree with the current weakness in gold cannot be attributed to a conspiracy. There is some real economic reason that Gold is cheap and we need to search for the answer rather than blame a conspiracy. This is not to say that some of the charges against the central banks are innaccurate, it just means that if the fundamentals of the gold market were as positive as we have been led to believe, the alleged or real conspiracy would not depress prices. Not for as long as they have been anyway.
Having said this, I think that gold is cheap. I don't know where the bottom will be, but it will come. My strategy is to lightly buy on dips, but jump in big once a bottom has been confirmed. This to me seems a prudent person for a person who wants to invest in gold and gold stocks.
Live long and prosper,
Little joe |
