Reserved For Fire

Hard Assets Heresy: Talking Down Gold

Sorry for the sloppy post. I see what February meant. My error. But the facts remain that first Mr. Gartman is not a real gold believer and his record is mediocre from what I have read. And the gold market continues to flush out those who are frightened by the rapidity of the corrections. Why buy Goldcorp which is up 15 times since 2001 but has multiple sharp corrections when you can buy MSFT which rarely sells off but is down considerably since 2001? We are in a parabolic move here without any speculation whatsoever in the smaller shares and without any public play including Mr. Ziegler. Check back in next year at this time for the results.