Carl Spackler

Playing the Market in Difficult Times

If all hard assets and even softer assets are falling, what does that tell us - deflation of course. Can anyone tell me when gold has risen over a long term period where all other assets were falling (long silence). That's right folks, never. Gold is the next victim to this delationary period. After the panic dies down, gold will fall to the $600 area. Too many gold bugs guessing inflation. To have inflation, you must have buyers. Where are the buyers?