g2,
Of course. Gold and silver are far, far, far, from done.
There is a long way to go.
But, we know what they will do when they have the chance.. The market will completely forget that gold goes up with rates and on that first rate bump, gold and silver will be brutally beaten. Then, by magic, they will begin a new and longer bull run.
In our perfect market of bad news is good, good news is always good, no news is good, fundamentals do not apply, macro data is unimportant, and any data we do not like we will just, "modify", there is still a bid for physical. And there will be as long as a little Princeton clown Bernankeasshole is breathing.
But, games are always being planned. I figure the sequester nonsense will give them so reason to wack gold. I don't know what logically this reason could be, but that is the beauty of our market...logic is not required.
GT
TH |
