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S&P 500
5,620.83
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-0.23%
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US TECH 100
19,954.60
(
-0.81%
)
Dow Jones
39,748.82
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0.07%
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84.67
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Bitcoin
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(
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Post# of 25966
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flota

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flota

Re: FinancialAdvisor post# 25850

Wednesday, 05/18/2011 8:22:24 PM

Wednesday, May 18, 2011 8:22:24 PM

Post# of 25966
Like I said big boys dump gold and silver and down it goes. Bottom line once big boys don't see any upside in these assets they will leave. There is nothing different about the run of gold has from the run that tech stocks had in 1999/2000. Bottom line Gold has no economic value in today's society other than jewelry. Many oblivious gold bugs hope for a meltdown of paper money. Bottom line if the paper economy bites the dust the metal bar that the gold bug is holding will be the least of bugsy problems.

http://online.wsj.com/article/BT-CO-20110517-712374.html

'The best traders are not right more than they are wrong. They are quick adjusters. They are better at getting right when they are wrong'.

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