JudeJin

Eight Signs Gold Is Headed for a Correction

also, please back your own prediction with real short position in gold!

that will add some weight to your argument and your own conviction.

a lot of investment u are run by charlatons like you who never dare to commit their opinions and words to real positions!

Eight Signs Gold Is Headed for a Correction

trying to predict short term correction and rebound is not the correct way of investing! investment U? don't mislead eager-to-learn investors and ruin their fortune and lives.

Eight Signs Gold Is Headed for a Correction

a lot of smart people try to demonstrate how smart they are by trying to predict correction and rebound. please, wake up!

Eight Signs Gold Is Headed for a Correction

let me add one thing.

dude, instead of wasting your time predicting short term correction or rebound, please spend more time studying long term trend and behavior!

to me, a believer in gold in the current macro environment, a correction is meaningless!!!

Eight Signs Gold Is Headed for a Correction

how about the euro zone and USA returning to gold standard?

if you have ever examined the fed balance sheet, you'd have noticed the 11 billion dollar worth of gold(8000 tons valued at $40/ounce). miniscule compared with 1.9 trillion trash on the balance sheet, but how about marking the gold to market at say $1000/ounce? still miniscule at 250 billion dollars, vs 800 billion dollars of currency in circulation.

then, how about mark the gold to $3000/ounce? which will then almost fully back the $800 billion in circulation.

the possibility of the above scenario is increasing as days go by.

the experiment of the fiat money in the past 100 years created two world wars, two great depressions(collapses in world economy) including the ongoing one.

humans beings need to respect gold again as honest money and as a true store of wealth and use gold as an anchor to all currencies, to restore absolute fiscal and trade balance discipline.

the clock is ticking. not much time is left!

Rockefeller senior would agree to this completely after seeing his massive fortune diluted over time and lost more than 90% of value in the past 100 years. yes, in terms of gold! from 1600 tons down to only 100 tons.

Buffett has seen his fortune go from 3000+ tons of gold in 2000 to about 1000 tons of gold now. Mr. Buffett will definitely lose out in the long run and will anguish in his grave because very few mortal man can beat gold in preserving wealth! we have had nobody in the history book!!!