Why we want gold to fail
An ancient saying has it that “gold doesn’t stink.” A modern corollary might be: “Investors do.” Well, at least I’ve caught a whiff of something: A short-term fall in the price of gold, soon. A subset of investors have gone perhaps a bit too whole hog, and the price of gold is now racing upwards at an increasingly unsustainable rate. It’s an ancient observation: What goes up must come down. The exceptions are those rare things that reach escape velocity. Gold hasn’t reached that, nor is it likely to. For some reason, in markets, whenever prices move upward faster, there’s...
Original Article: Forum: News/Activism
Tags: Corollary, Escape Velocity, Exceptions, Investors, Observation, price of gold, reason, Subset, Whiff, Whole Hog, X92