Wednesday, May 22, 2013

GOLD : BUY SELL OR HOLD...

IF YOU ARE DAYTRADING GOLD...SHORT IT...LIKE EVERYONE ELSE AND MAKE MONEY EVERYDAY...

IF YOU ARE HOLDING GOLD FOR MORE THAN A YEAR... HOLD AND PERHAPS BUY MORE ON DIPS...

THE RECENT ACTION IN GOLD IS THE ULTIMATE IN SHORT TERM PANIC THINKING...

ALL OF THE FUNDAMENTALS FOR GOLD ARE FINE...  THE PROBLEM WAS THE HOT MONEY...

BECAUSE OF THE DEPRESSION AND THE DESPERATION IN THE FED AND OTHER CENTRAL BANKS... FEW ARE WILLING TO COMMIT TO THE MARKETS LONG TERM...

ALMOST ALL OF THE MONEY IN THE MARKET NOW IS HOT MONEY...  

ALMOST NO ONE IS A TRUE BELIEVER IN STOCKS ANYMORE...

THERE ARE A FEW BELIEVERS IN "OLD FASHION" INFLATION THEORY...THAT MONEY PRINTING IS INFLATIONARY...

AND THEY ARE BEING CHALLENGED NOW ON GOLD...BUT LIKELY FEW WILL CHANGE THEIR VIEWS...