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dom1971
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Time for Goldbugs to Admit Defeat?

- Jeff Clark - Casey Research

We were defeated a while ago, now we just lick our wounds and wait for them to come finish us off.
I won't be fooled into the gold market again in this life time thank you very much.

... and to think that I also looked at bitcoins way back when they were $10 and dismissed them as nothing but hot air.
Last time I looked they were 800 bucks. Sigh.

Commented 3795 days ago

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Beginning of the headline :After a 12-year run, it looks like gold's wave has truly crested, and many bears are arguing that it's all downhill from here. A quick glance at a long-term gold price chart can certainly seem to confirm this impression. Gold's price has fallen by more than a third since its 2011 high. The downturn exceeds the 2008 waterfall selloff. Many technical analysts are saying that the "damage" on the charts is too great for gold to recover. The rout is so bad, even hardened goldbugs have grown quie... Read More

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