freefall51

Gold's Relationship with Real Estate

@ Socialism,

While I sympathize with your name, I cannot resist to note that GLD is 5 % down today. So much for store of value. Reminds me eerily to my former oil stocks. That makes excellent BEARS!

Gold's Relationship with Real Estate

A Katz raises a very important point that I can relate to. Its is called denial.

Every bubble is based on a good story, scarcity of gound fuels the housing bubble, peak oil fuels the oil bubble, printing $ fuels the gold bubble. People believe it must be that way until it isn't.

I believe now that gold must come down if for no other reason than that it is still up like the last man standing. I am not a chartist but I know that a good upward price curve comes out of a consolidated base. For gold that was 6 years ago. Now we are in the 4th inning and the price curve is falling apart. There must be a fundamental reason for that. We will know in hindsight.

I want to side with CHL. I believe he was a recent oil bear. I was in denial and got my butt kicked. This time I am listening. Short GLD.
This is a mild Ponzi scheme anyway.