Ole Sly is at it again. He's starting to pipe up again so maybe we're at a ST or IT low here based on his past posts. He's been bashing gold for the most part since HUI 150 where he stepped off the ride.
Probably his worst post I've seen in a long time. Totally ignores fundamental reality. Ignores long term ratio charts such as gold/oil and dow/gold as well.
I think he's trying far too hard to be a contrarian here. He's certainly made some good calls in the past, but this ain't one of them.