Philip Davis

Gold: Heading for a Trainwreck Due to Oversupply?

I'm sorry if you take criticism of your position as "disdain." Were I going for a doctorate I would certainly bombard you with facts to support my position but I'm just a simple trader at heart.

So rather than get into an argument with you which I can never win, I simply, very publicly, took a short position on Newmont Mining yesterday, despite oil shocks, hurricanes, Iran, Lebanon, the criminal cover-up of the central banks and the massive Chinese buying so feel free to wish me into bankruptcy next week while I fantasize about taking a very nice vacation if gold drops back to $600!

I hope your position goes well too.