Thursday, September 18, 2014

Yes! Yes! Let's all pile on gold a week before opex.

Oh, all of a sudden today everyone has decided to poop on gold. Let's look at some of the follower crowd:

BI - gold looks like death.

And of course, here chimes in the one single person in the world who still has even a shred of respect for Joey the Weasel:

Reformed Borker (Bork Bork Bork!) - boy gold sucks.

And god, even someone vaguely respectable has chimed in:

New Deal Demoncrat - John Hinderaker is a moron (and also gold sucks).

Well, that settles it.

It is obvious that Chinese and Indians will no longer buy even another ounce of gold. Evar.

World central banks will all soon puke their gold into the market and stick to maintaining reserves in USD, GBP, EUR and JPY from now on.

Women in the future will provide sex for chocolate.

You'll maybe wire your house with gold once it drops to $3/lb.

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