JoelA

Gold: The Only Remaining Bubble?

Gold is a safe haven until central banks get greedy and start dumping because the price is right. Good luck staying long that trade when the supply starts flooding the market.

I appreciate the graph of Gold as a percentage of CRB. Looks like the late 70's all over again.

Jim Rogers on Today's Market

The problem is that you can have ANY opinion about any market and just call yourself "early".

Forecast often enough and someone on the Internet will dig up your "insight" and you will become a legend.

Everyone gets things wrong. Jim Roger's perpetual commodity bullish advice was disastrous to follow if you bought into it early this summer.

It pains me to say this, because I have immense respect for his analysis and occasionally prescient contrarianism. I have read and enjoyed his work for many years.

Jim Rogers will be proven right at some indetermined date in the future. Our problem is to determine when that advice is timely and how to preserve or extend our capital until then.