Come on…the future’s so bright you gotta wear shades.
Just ask the hedge funds loaded up on PM derivatives. There asses are fully covered for all future possibilities because they have a boat load of GLD calls.
Or is it they don’t really give a fig because it’s other peoples money.
So they load the boat with this crap to ‘hedge’ their other equity longs thinking they have a legitimate model.
Either way, only when these idiots see this is not the case will precious metals rise.
Just watch these gambling fools. When they give up the ghost, PM’s will fly.
Cheers