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Time for Goldbugs to Admit Defeat?

- Jeff Clark - Casey Research

As one who has been defeated on the PM's front, can I ask why you still bother to read anything on this site? Unless you needed fiat to survive and therefore sold your PM's you will have no one to blame but yourself when you see those of us with PM's thriving after the $ crashes as it must, as all fiat butt wipe does eventually. It appears that deep down you regret selling, well buy back now while the stuff is on sale.

Commented 3788 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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