ODD THAT WHEN THE SPECULATORS "UNWIND" A POSITION ... PART OF WHICH HAD GOLD IN IT...
SUDDENLY !! THE DEMISE OF GOLD IS DECLARED...GRIM PUNDITS WARN MOM AND POP ABOUT THE EVILS OF GOLD ...
BUT THEN ADD, OF COURSE, STOCKS ARE CHEAP...
WHICH IS TRUE...STOCKS ARE JUST AS CHEAP AS THEY WERE 10 YEARS AGO...WHEN THEY WERE SELLING FOR THE SAME NOMINAL DOLLAR PRICE...!!
NOT SO GOLD...!
AND THE DOLLAR...WELL...THAT'S A SHRINKING YARD STICK...TO BE SURE...!!
AND THE PRICE OF GOLD PROVES IT...
