There isn't any of this "gold is money" investment demand BS
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Well I understand where you are coming from here. I usually just dismiss this as "noise".
In fact, once there's momo in the broad markets...were in this bull until 2007-2008
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You see I have a problem with this and it is why I am out of base metals right now. I think the economic recovery has been created by the Fed and the shit will hit the fan, probably before the elections. It is smoke and mirrors. And if I am right, base metals will suffer for it.
Now that does not mean we might not have some good trades until then, but I am being careful here.
I guess it comes down to do you believe we are in a secular bull in gold or not? I believe we are. This means buy the dips is a acceptable thing to do. But to try to catch knives is just plain stupid. Wait for the bottom to form.....
All I need is one little burst here in the metals and I will laugh all the way to the bank. Then maybe I will get some of them trusts Kastel is so keen on.....
At the end of the day what do I know? I'm just a bozo, you're the driver<g>
we are all bozos on this bus
