Tuesday, December 18, 2012


Gold is showing weakness.  If you took my advice years ago...well...it turns out using "real life" risk metrics you would of had a rough time!  Still, this atavistic fascination with something produced by other countries (thereby guaranteeing its non-use by the U.S. in terms of a currency or "store of value") has had a great run.  But all those shops you see in everydayUSA promising Gold as a great investment should have tipped you off that the smart money has left this trade long ago.

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