BxCapricorn

Why Gold Miners Aren't Glittering

After re-reading the article, one thing jumped out at me. Analysts' estimates. We just endured two years of analysts being wrong, while working with brokerages to pump stocks, and the fact that they are pumping Gold stocks does not raise the hair on your arms, neck and back.....good god, man!

Why Gold Miners Aren't Glittering

My theory is simple. Traders have very little to work with, and so moved into gold, knowing that this is the home of the last "buy and hold" investor. When oil recently bottomed, they started to shift out of gold and into oil. They'll push up oil for a week, and when something else bottoms, they'll run over there and try to ride the tide that they themselves create. The financial media, forever hunting for the next big thing, or the lone silver lining, aid and abet this process by duping investors into helping float the traders' boat.

Seems like only a month ago that we were all told that healthcare and solar power stocks are "the play" now that Obama and the Dems are in control. There is simply nothing logical about owning any piece of the market right now, other than inverse ETF's.

Go For The Gold - Cramer's Mad Money (9/22/08)

Oh, so now gold is good enough, after a 20-30% run up. That idiot better not jinx me. GS is undervalued, now that it's regulated as a bank, with tighter cash ratios? I don't understand his logic on anything...damn this education of mine!!!!