Originally Posted by
Skol
Xerof,
You are incorrect, on 31/12/2009 when I started this thread gold was $1100, grossly overpriced in my opinion, pushed higher by enthusiastic goldbugs who thought they had the silver bullet for the world's problems.
It was a load of hogwash perpetrated by scamsters like Mike Maloney, Glenn Beck, KWN, Jim Sinclair and heaps of others.
Sounds like you're getting your fingers burned, too bad, a quick glance at the gold chart for last 10 years would have given you a clue.
I'm not short gold but in general stocks and gold move in opposite directions, I own lots of stocks which haven't done too badly. Effectively I am shorting gold without too much risk, and it's worked.
Here she goes again, gold & silver plumbing new lows.