Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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To: GROUND ZERO™ who wrote (42168)	12/19/2012 3:52:29 PM
From: Keith Feral	1 Recommendation Read Replies (1) of 222224

MS is dumping 6 of Paulson's funds. I think they will put the screws to the gold trade again, expecting a washout of all of his GLD holdings before the end of the year. Having a hedge fun for Gold is just stupid. It was for everyone betting that Bernanke couldn't keep rates low and were duped into believing that Gold can outperform for another decade. 10 years of double digit gains is pretty incredible for any assets class. But, gold stocks look like they have almost no value with 19 PE's, no growth and 1.5% yields. NEM might be the only gold stock that makes sense in terms of risk reward, but it could go down to $40 or $35 before it's all said and done.

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