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SPDR Gold Shares Message Board

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  • jesse.livermore jesse.livermore Feb 10, 2012 8:04 AM Flag

    Look how far the home prices dropped around me 65K

    Dropping realestate prices are certainly not an argument for buying gold, not an argument that the currency (script) is becoming less and less valuable..

    Fact is we are coming up on the 6 month anniversary of the $1900/ounce..gold spew...Can even the most rabid of the GFs (Gold F**Ls) think there is any chance that level will be breached in the next fifty years..

    Historically, six months is about the time it takes for the smart ones to transfer their positions over to the not smart ones..and if you are holding gold now, guess which group you belong to. Historically things start to get ugly about now...as the rats start to leave the sinking ship...

    ":>) JL

 
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