RJMoran

12 Reasons to Short Gold

It probably DOES have a bit left to run, perhaps to 1200.00/MY contrarian view includes 1) a recommendation by Goldman Sachs/may I remind everyone that they also thought oil was going to $200/bl/ 2) Gold is an inflationary hedge and does NOT do well in times of deflation. It may well be that this deflationary cycle will finally catch up with gold as well. If we have no money due to global deflation, where does the $$ come from to BUY the gold and keep demand rising? 4) It's been oft said "Gold goes up on an escalator and comes down in an elevator". Corrections are sharp and FAST! Be careful out there! RJM