Loading ...Oh, so now the fundamentals for Gold have changed? Because of Luongo or the Bitcoin fad? Now we must measure gold relative to bitcoin? We can myopically measure the price of gold against any current fad or asset at any time but,
we historically measure the value of gold against the official coin of the realm. That’s how it was and it still is today.
I took money off the table in early July at a good profit. I had absolutely no technical signal to do so then but rather committed a very rare mortal sin by my standards. I listened to an analyst that I respected who proclaimed that the INT top was at hand and I went with it. Although I was protecting well made profits it was still quite stupid and I admit it. I didn’t feel then that 1850 gold would hold but, that 1825 maybe could. So, at 1800 now I am all in and today finished buying four junior miners. Their symbols are kntnf, lrtnf, mmx and skref.
As far as Luong goes, well at the bottom the media will always provide us with plenty of gold negative tripe. I can picture his type way back in the Tulip bulb rage saying he has found a new way to measure gold. It is so simple ….forget gold, just keep buying them tulip bulbs.