This plunge in gold stocks is an attempt to save the dollar on the cheap...
But unless much higher rates kick in from the FED, and trash stocks and real estate...
Gold Stocks will rebound.
Gold is a doomsday bet. But I would not want to be holding stocks or real estate now. Those holding stocks and real estate are standing in the middle of an 8 lane freeway at rush hour!
The gold bugs maybe wrong...if Bernanke does a "Volker" as he must do, sooner or later. Then cash will be king as it was in the 1979-1981 period.
But, the FEDs bluff is being called NOW...and Bernanke knows it!
