You know what I mean… the rising tide of gold bearish articles now
flooding the blogosphere. Smart writers far and wide schooling gold
bugs about how gold is going to 1400 or even 1200 as the economy
strengthens and the disaster premium is removed or as a deflationary
spiral takes hold. Talk about opposite ends of a spectrum from which to
bear talk the monetary metal.
Yes guys, gold became sponsored by the dumbest, most knee jerky money on the planet… 1.5 years ago
at the height of the euro crisis! Now you pile on and try to school
the masses on contrarian theory? It really looks a lot like trend
following and wanna be heroism to me. But whatever.
So where were these contrarians in summer, 2011 when when people
should legitimately have been concerned about gold’s dangerous sentiment
structure due to the big knee jerk into the metal? Where were the
know-it-alls just after the recent QE3 when this was inserted into our
newsletter?…


