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Time for Goldbugs to Admit Defeat?

- Jeff Clark - Casey Research

You may have been defeated but please don't state that "We were defeated a while ago, now we just lick our wounds and wait for them to come finish us off." I, and many like minded individuals, know that we are a long way from being defeated and you will regret your past decisions to rid yourself of what could mean the difference between eating and dyeing hungry.

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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