All good GWR, and you will do well. The values are baked into the cake and the rewards will be there. But it is always the timing for many...and for some it has become short term because they have been painted into a golden corner by a monstor with a sandblaster of sorts. How much more and how much longer, tomorrow, next week...later?
This latest begins to make sense:
Submitted by Tyler Durden on 12/14/2011 - 17:32 Ben Bernanke China Dow Jones Industrial Average Mark To Market Price Action recovery Unemployment Uptick Rule
Earlier today we presented one of the 12 forecasts by Citi's FX Technical group which saw gold reversing recent drops, and soaring to $2400 by H2 2012 and far higher later on. Naturally, one argument is that this is simply Citi talking their books, and that one should be short when a bank is pitching a long. Of course, that is a valid interpretation. On the other hand, it is also possible that the recommendation is nothing less than a contextual recommendation of the what the big picture would look like if the bankers' grand plan falls into place. And the plan is simple, and has been discussed extensively before here: namely, to push the market to that critical triple digit threshold at which point Congress and the population (most certainly including the "99" which just happen to have 401(k) and other pension funds) will beg Bernanke to print.....