Originally Posted by
Daytr
Birmanboy, you are obviously a very angry person. I don't feel hard down by at all I just don't resort to name calling etc. Just because I am bullish & have given the reasons why I am bullish doesn't make me a gold bug. I was bearish gold when it spiked through to $1920 & called it a bubble to all my clients, however like all traders I select when to be bullish & when to be bearish & now I am bullish. I notice you again ignore the question re the massive sovereign debt issue the major economies of the world are facing & the impact of printing money.
Skol, you may think it has no value, the great Warren Buffett may think it has no value, however a lot of people see it as money or the only true hard currency. I see it as a currency with no boarders or any government printing press, although 2700 tons is produced annually. Again I hear no basis for your stance on gold other than its in a bubble & no acknowledgement of the massive sovereign debt issue that the US, Japan & Europe are facing or what effect printing money will have on their currencies or withdrawal of QE will have on equity markets. You say you can read market bubbles, I think you are swept up in one in the US equity market, being pumped up by QE. Anyway Skol, I appreciate your views & it wouldn't be a market without differing ones. Cheers Daytr