Haven't most fund managers been saying they are sitting on large cash positions......
How many can you remember saying " Gold is a relic of the past"
Boy if my account manager had told me that 3 years ago I would be sending him a box of sheit today..LOL Hard to believe so many Americans have totally missed the solid move in gold from $300 to $900 and these guys still get respect as market analysts. They have been poo poing gold for a decade while their clients missed out on the run.....
Isn't is geting close to RRSP contibution time.....
Geee wizz........ spook the whole market, thus creating buying ops in any stock you want......
Funds have too much cash compared to the little guys, and they don't mind at all picking our pockets.... Purging the system of the little guys allows the funds to get in low......Will you donate your shares.... or will you stand pat untill capitulation draws in the big bucks.
Venture exchange 3 year chart looks like we are at the lower trend line...... up from here soon... gold near $900 is leading the way.
Jr gold stocks are yet to partisipate and are trading like gold was at $600 instead of $900 Good news is, most fund talking heads are now saying that gold is the place to be, end of the begining...... next leg up will be in the jr gold stocks.....including NOT
One more thing.... $100us OIL Think globally
Simple comparison... 2001 oil was $27 to $33 us or 34 to 41 euros
Today oil is $95 us or 64 euros
Oils has doubled in price in Euros over the past 8 years but in US dollar terms it has gone up 4 fold........ It is the US dollar that has lost value and Americans find that hard to grasp.... The rest of the worlds currencies have appreciated against the dollar and the commodity prices reflect this. These prices are here to stay Asians want to be just like us and they will drive prices higher..... in all commodities
