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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 393.24

+1.1%

Dec 11 4:00 PM EST

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From: ecrire	9/8/2012 10:34:06 AM
	1 Recommendation Read Replies (1) of 29622

Here's an attempt to forget the insults and, for those interested,lay out some thought s. 1) I missed the latest gold rally. Mea culpa. I've missed big moves before: AAPL is an example, nevertheless my portfolio stands at a 2 year high. 2)The Gold rally is based on the unshakeable belief that more and more monetary stimulation will be chosen as the preferred answer to national debt reduction through monetary inflation. 3)Worldwide industrial capacity far exceeds demand at this time. Economies are struggling to get by; even China is no longer a driver. So it's hardly likely that inflation becomes an issue any time soon. 4) Bernanke'Fed response will be crucial. The Fed's mission is to help the economy, not to please the gold bugs. So, unless they announce a full blown stimulus program, the risk is substantial that the current speculative froth is very vulnerable 5)I think that profit taking BEFORE the Fed announcement is advisable.

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