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med

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Posts posted by med

  1. I heard him admit on Bloomberg this week that he had been wrong about Gold for a long time.

    He said: "I might hold onto Gold now, but I wouldn't be buying any more now at this price."

     

    In that case I cant criticise him too much, regardless I am always interested to hear his calls as he has made some good ones in the past

  2. Gold and guns

     

    from conversations with Doug Casey

     

    I've long said, bull markets have three phases. This is classic market theory, nothing unique to me. There's the Stealth Phase, when prices are extremely cheap and everyone hates the investment – or if they don't hate it, they've forgotten about it. That's long gone for gold, this time. There's the Wall of Worry Phase, when people know it exists, and it seems likely to go higher, but people deny it, or find all sorts of reasons to believe that every correction along the way up means the market has peaked. I think we're in the late stages of this market phase, and heading into a real Mania for gold – manias being the third phase of classic bull markets.
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