Thursday, November 6, 2008

Gold and other stupid shit

OK, I know a day ago (or two, but who's counting) I've been musing about the possibility of a decent rally in gold, but now I am beginning to favor the opposite scenario, largely because the yellow metal's inability to penetrate some pretty important resistance.

Also I favor this because there are too many gold/commodity bugs that have yet to learn their lesson-- market justice, if you will...

Gold is a commodity. I like Jim Rogers and all, but I sure hope he took profits a few months ago.


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