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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 387.40+0.5%Dec 9 4:00 PM EST
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To: Riskmgmt who wrote (29458)6/19/2014 8:32:03 PM
From: Tommaso5 Recommendations

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benwood
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I think that the problem may be that those of us who carefully follow what the central banks of the world have been doing are appalled at the competitive currency devaluations that are being tried. If you destroy currencies, the only indestructible currency left is gold. But there has been in the last two years a skewed perception that the rise to $1900 and ounce of gold is nothing but another bubble, and here has been a lot of selling of gold and even selling short of gold and its derivatives.

So rather than allowing ourselves to be mocked and denigrated by those who have been temporarily correct, we prefer to quietly hold our gold and gold-miners, and so forth, and wait for this insanity to play itself out.
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