Loading ...when we had those 2 or 3 days in a row with gold down 80-90 bucks—and last Friday and last nite/today silver isn’t participating…that said gold looks friendless and weak as a new born kitten—today gold will be down a record [??] 10 days in a row…during these 10 days I have only seen gold print green 3 or 4 times—the and only by a few dollars and only for a few minutes before getting sold down again
Gold devotees have been saying for years….referring to the relentlessness of the gold suppression, “what are they afraid of”—meaning the collapse of the entire debt-based financial structure—
no way to make a silk purse out of a sows ear–gold’s stinking up the place
I have said for a number of years now that 2011 may have been like 1980…and gold may just be “dead money” for another 10 or 20 years…with no big roaring bull market to the gold bug dream targets of 2000 to 5000 an oz and beyond…just slow, tedious bounces to the 1300-1400 area…
gold reminds me of the 15 minutes of fame the grains had in 1973…I made good money in those mkts…but I know guys that were playing the long side of grains for years afterwards… and lost a lot of money–