Yes. sybil seems to have missed the jump in gold & gold stocks ion recent days.
There may be some truth to this, but why do you enjoy poking at these people skiidady?
Maybe the reason for today's dollar retreat?
Details on the China sale discussed in today's blog by Tyler Durden on Zero hedge--" Sorry Bloomberg, Someone DID Notice that China is Dumping a Record Amount of (UST) Bonds"
If the Europeans & Japanese join in, we might have a problem if domestic buyers don't step up, which so far they have.
Bills, note, bonds. The Chinese need the money I guess.
Germany should be deducted for Hegel---convoluted nonsense in my opinion.
Shouldn't England get something for Newton? Germany for Leibniz & Beethoven? etc.
Bear market rallies are very sharp. Gold could rally to $1250-1300 in days, before declining again. Lots of short covering will proplel the move.
Wouldn't shock me to see a $75-$120 up day in gold ($7.50-$12.50 rally in GLD). Bought some short term calls in GLD Friday, but still hold a few longer term puts.
Read Barrons cover story. Now complete bulls on commodities, incl gold. I would call it a bear makt rally, not the start of a new bull market. But $1250-1300 for gold in the next week or two seems possible with all the shorting. Massive short covering rally in gold & silver.
So oversold this rally was predictable.
"Ex" Goldbug no more. Bullish again!
When nearly everyone is bearish on something, start going the other way. Time for at least a big "dead cat" rally. maybe more.
"Ex.Goldbug"--may change my name to "Goldbug.Again". Been bearish since $1700.
On Squawk Box, CNBC.
Money will flow into cash. Maybe a little into gold.