Turnipseed

Three Noteworthy Sectors: Gold, Food and Healthcare

I hate to throw water on gold, but Casey Research reported today that India imported no gold in Jan. Likewise, many peple are cashing in jewelry, coins, etc, creating at least temporarily an oversupply of gold. I do hold stock in gold miners because I believe gold is in an upward trend. However, with the vast amount of gold in private hands, there are built in constraints on rapid upward price movement. In fact, if this recession/depression continues to worsen, gold prices may be negatively affected by those forced to liquidate their gold postions.