http://noir.bloomberg.com/apps/news?pid=20601087&sid=aE1pHNIIXm74&pos=7
One more sign of the great bubble in Gold.
This clearly tells me now is the time to start to dump gold - at least for the short term.
Expect gold to peak this year and then fall in sync with most risky assets.
The idea that gold is an inflation and deflation hedge is a MYTH.
Gold has only done well in expansions.
In 2008 gold did fall with all risky assets.
When people get margin calls - they will sell gold too along with other risky assets.
One more sign of the great bubble in Gold.
This clearly tells me now is the time to start to dump gold - at least for the short term.
Expect gold to peak this year and then fall in sync with most risky assets.
The idea that gold is an inflation and deflation hedge is a MYTH.
Gold has only done well in expansions.
In 2008 gold did fall with all risky assets.
When people get margin calls - they will sell gold too along with other risky assets.
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