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Time for Goldbugs to Admit Defeat?

- Jeff Clark - Casey Research

"If the Hail Mary save the Euro" . . . very good .... as a fervent Roman Catholic , I believe in Her , but , I may say , even if I do not belong in the great mysteries and secrets of God , I would be very surprised of such a miracle . . . . who knows , but we never saw Mary the Pure helping the devil .

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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