Bob K.

Why the Gold Sell-Off is Unlikely to Last

Jim, regarding your second post, money moves into and out of stocks, asset classes, etc. continuously, (sector and asset rotation) and yes money does come out of a stock, that is why they go down in price. On Monday there was more money in the stock market than on Friday, where did the difference go?

Regarding your first post, price of gold does not move in price much on it own, it is essentially is the benchmark. It is the amount of dollars it takes to buy it that is the prime mover of its price. The price of gold in Euro's is much less than the price in dollars, yet the credit expansion is world wide. Those who believe the price of gold will rise see the dollars' continuous descent due to the rapid expansion of the dollar supply. I see this taking the U.S. into a recession and/or accelerated inflation which will force other nations to debase their currency to maintain a comparative trade advantage, this means all scarce commodities (Gold, Platinum, diamonds, etc.) will rise in comparison.

Instead of insulting these authors, regardless of your view of them or their motives, stick to laying out your case.
Bob