mike904

Don't Miss the Coming Gold Bull

They do it all the time, but they don't dump it, they naked short it.

Paul Volker once said his biggest mistake was "letting the price of Gold get too high".

What does that tell you?




On Dec 31 06:40 PM aitvaras wrote:

> Comet1, I don't really believe it will drop like a rock but it has
> the potential to do so if additional forced selling comes into play.
> I'm pretending to be Greg Pinelli who has been tauting stocks of
> all stripes without rhyme or reason during a Bear Market in the middle
> of a severe recession.
>
> Every stock or ETF he picks is a long position. Meanwhile, since
> I believe we are still in a Bear Market and the Recession will get
> worse, I picked something he loves and UltraShorted it.
>
> Another reason, however miniscule, is that the Central Banks will
> dump more Gold than usual because of its current value and Gold is
> now up 8 years in a row.
>
> Are you willing to bet the Bank on 9, I am not.
>
> IMHO