Bill Wexler's Trading Cabana Message Board

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Non-Tech : Bill Wexler's Trading Cabana

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To: Lahcim Leinad who wrote (6190)	9/1/2011 2:39:32 AM
From: Bill Wexler	2 Recommendations Read Replies (1) of 6370

Yup, it looks like it's gone parabolic...though I could make any chart do that simply by compressing the time scale enough. On the other hand, I have to say that I'm pleased by all the panic, apocalyptic thinking and the fact that just so many pundits are now bearish on stocks and have moved into the Peter Schiff/iTulip camp...sounding the inflation alarm. Makes me think that things are going to get better much sooner than I anticipated -- so while I'm not convinced that it would be wise to blow out gold just yet, I'd play the contrarian by buying stocks, and hedging an existing gold position by buying puts on GLD, or perhaps a gold ultrashort ETF.

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