A very good read. That's basically what Russ W. has been saying on SI for a while now. I still think gold has to hold up better relatively speaking since the Fed is so far being the curve, but when things get liquidated it's the selling at the margin that determines price. Maybe at first gold bulls will hold tough, but when you have numerous investors/funds that only hold 1-5% of their portfolio (at most) in gold or gold shares and they sell everything across the board you end up w/some ugly action. I think gold is likely to touch close to 700 prior to 500 again, but who knows. You may see me over here a bit more often as I've gone and done it. <g>
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