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Jim C.
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Gold Confidence Shaken

- Alf Field -

Field summed it up well, "You do not cancel your fire insurance when you can see fires burning all around you."

Nothing has changed in the human condition since humans lived in caves: when enemies prowl the dark you hunker down with your weapon at the mouth of the cave, move your loved ones and supplies out of harm's way, and wait for the dawn.

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Beginning of the headline :Late Friday afternoon in New York (April 12, 2013) gold plunged through the critical support level around $1525 level that has held resolutely since the start of this 19 month correction from $1900 in September 2011. In the process of this sudden drop, confidence in gold by long term investors has been badly shaken... Read More

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