In THE LINK one gold newsletter writer's "explanation" of recent events...
But in truth, you have to say that the SPECULATION IN GOLD had gone to dangerous levels... This simply will not stand...as Poppy Bush once said...(Yeah, I know, Boo. Hiss). The result would have been $6 gas! and the collapse of the economy as we have known it.
Yet, I suspect that gold can go back up...but not as a moonshot. Not as a "no-brainer." But as a sober reflection of the problems with the dollar...LONGER TERM.
Indeed, the meteoric rise in gold was a WAKEUP CALL to the central banks...
And especially the FED---that the GREENSPAN HYPER-LIQUIDITY DAZE IS OVER! AND INDEED, IT LASTED WAY TOO LONG!
It's either HARD MONEY OR HARD ASSETS... IT'S JUST THAT SIMPLE.
IT'S TIME TO CHOOSE AT THE FED.
