Monday, July 18, 2011

Gold Rallies to Record in Best Run Since 1980

I laughed at those who called gold a bubble when it crossed $900/oz.  I laugh at those who are calling a top now.  Sure, it will correct, perhaps back-and-fill within a consolidation period.  After all, nothing goes up or down in a straight line.  But until reckless central bankers turn prudent, and until shiftless politicians acknowledge the painful but necessary measures in order to solve our huge structural debt problems, all is not well.

No comments:

Post a Comment