Re: A Ridiculous Valuation Today - Old Joe
in response to
by
posted on
Jun 09, 2011 09:31AM
They may get the odd individual to capitulate, but they need the whole army of gold bulls to surrender.
Just because they have the balls to push stocks down, does not mean that investors should sell out to them as they are suggesting...... sell your gold stocks ... to who are they suggesting you sell to..... but them of coarse.
I am going book a few golf games and turn off the BNN bull crap, enjoy the summer and get serious in the fall.
If they do push some premium investment down... I say wait till you see your stink bid target and load up.
http://www.kitco.com/gold_currency/charts.htm?EURO
It is the US dollar which is going in the toilet.... Look at the 1, 5 and 10 years charts of US vs other currencies on kitco.... the retoric is saying safety of the US dollar but the reality is it's a melting iceburg....JMHO
The one year chart of Swiss frank vs gold is actually negative 9.24 %!