Tuesday, March 4, 2014

Oh, look at that. Gold's back down.


Here's Kitco at 9:05 AM:


Gold's almost back down to where it closed on Friday. So apparently either

1.  the Ukrainian crisis has been resolved, or
2. gold actually isn't much of a hedge against geopolitical crises, and this isn't "why we own bullion".

Let me know which it is.

I'll be interested in watching the gold miners' response today to see if they go back down (bearish) or not (frankly has to be construed as bullish).


2 comments:

  1. Gold is a commodity and it trades up and down like other commodities.

    Unlike other commodities, it also has the magical power to drive men stupid.

    ReplyDelete
  2. BTW, pussy has that same magical power.

    ReplyDelete