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Wednesday, October 14, 2015

Oh, and about gold as a harbinger of doom....


In case you're surfing the internet reading a bunch of white-ass honky cracker clowns blathering on about how we can read the present strength in the gold price as a harbinger of worldwide economic doom and investor fear....



Please remember that Dhanteras and Diwali are coming up over the next several weeks, and Indians buy 1000 tons of gold a year.

White-ass honkies don't buy any gold. At best they buy little bits of paper which they generally puke back into the market a month later.

3 comments:

  1. The problem is that gold imports into India have really dropped off recently, so I read. That worries me. Still, I like gold here. It is showing many signs of strength.

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    1. Yeah, you've read that crappy Reuters article too? The upshot being that jewellers imported too much gold this summer and are now dumping it at a discount to spot because they're faced with lackluster demand?

      Ignore anything from Reuters. I've seen too many of their anti-gold articles come out right before, during, or right after major dumps in the gold price. I'm sure the Indian journalist getting paid $500/month by Reuters will happily seed the odd bit of manufactured bad news from a gold trader for, say, $1000.

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  2. Hey white ass honky cracker, you only put 2 o's in dooom!

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