odin

Volatile Trading Conditions Continue

Just to throw some natural gas on the fire: in the absence of near-term inflation, the ruling out of armageddon deflationary scenarios, the loss of jewelry buying, the explosion in ETF buying (esp. by the fast money crowd - does anyone have an answer for why Paulson wants to own the ETF rather than the futures?), I'm a little lost as far as gold as an investment thesis is concerned. Have we forgotten 1980 that quickly?

Dont get me wrong, gold bugs. Gold plays a very healthy role in any diversified portfolio. Its the overweight bias in this environment that I question.