Zeev's Turnips Patch-No Politics (ZEEV)

[porter]

re Russell:

<...the Commercials have taken a huge short position against gold.>

So Russell has gold going to 3000 where he thinks the Dow is going but in the meantime there's that aforementioned line that he quietly glosses over. Really? Hey, FIB retracements were created in the metal's arena. A Deflationary Depression doesn't have gold rolling out to infinity. And Gold rises after an inflationary spike if that's what's on the OTHER agenda.
And if the dollar collapses what exactly do you think your Gold will do for you?

Russell's other polite observation:

<there's a huge contingent who have a vested interest in gold going nowhere. They possess loud voices, but they're losers. They're losers because they're on the wrong side of the truth. >

Now if RGLD went up ten-fold do you exspect it to go up another ten-fold?

Dines in the 1980s rode Gold to $800 and then rode it down to $135+. No exit strategy...just Greed.

Moral:

Never get in the way of of tankers at sea or Commercials on land. They are telling you something.

Period.