Some very savvy traders have exited gold.....entirely.
Gold rides high on the crest of an inflation driven wave so the premise is all wrong; they are scaredy cats worried about what others worry about who in turn are doing whatever, unthinkingly.
Still, as I said, very savvy traders have exited gold, a statement worth savoring, reflecting on, thinking about, then ignoring unless the exit is due to higher interest rates and a lessening of inflationary pressures, both of which do not exist and will not exist for many, many months.
Jesse on alleged gold bubble.
jessescrossroadscafe.blogspot.com
A short piece but redolent with meaning and substance, e.g., ".....free markets and capitalism are based on the principle of discovering price and managing risk, the greatest hazard ultimately is that we will lose our free markets, and essentially lose that which we think we have based our market economy upon, until of course we hit the wall and collapse, in our markets or as a republic".
Yup. Something BurnUndKaput should remember well next time he concocts another bailout.
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