Thats Great Skol, Im happy for you, Im buying another property 2morrow:D
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Of course Skol can short these gold shares as some gold bugs will when the whole show is over, whenever that will be. Doesn't look like this year though.
'Guru', Jim Rogers seems to have swapped sides.
Commodities .Gold ‘Overdue’ for Drop After Rally, Rice Will Gain, Rogers Says
By Whitney McFerron - Jan 14, 2011 9:12 AM GMT+1300
Gold is “overdue for a rest” and probably will fall after a decade of uninterrupted gains that sent prices to a record, said Jim Rogers, the chairman of Rogers Holdings who predicted the start of the global commodities rally in 1999.
While gold “may go down for awhile,” the metal is “going to go over $2,000 in this decade,” Rogers, who owns gold, silver and rice, said today during a presentation to business executives in Chicago. Gold touched a record $1,432.50 an ounce in New York on Dec. 7. The price closed today at $1,387.
“I’d rather own rice,” Rogers said. “I’d rather own something that’s more depressed than gold.”
Well, everyone's entitled to their opinion: what do the Deutsche Bank gurus think? If gold continues its climb this year, watch everyone jump back into mining shares.
OGC fallen below the 200 day average.
Does this look like a head and shoulders pattern?
(Three month US$) could be taking a dive again..that's not so good for your side of the argument Skol..
You've got to me Skol, just sold my OGC - a gold producer and bought ICP- a company that sells ATM's that spit out paper money.
LEW