haha
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I rode some gold stock holdings out of the 2002 bottom to some good gains. I have no trust at all in gold, any more than I have in lots of other investments that have anemic cash flows. Still I figured that there would be a chapter 2 and chapter 3, based on the theory that serial bubbles cannot be blown in the old burst balloon, hence a fresh new one will be needed. Gold seemed to be a good candidate for a new bubble.
But this morning's action has me doubting this thesis. European and US central banks inject considerable liquidity, inflation is creeping up in China, we all know what inflation is doing here- yet the price of gold falls as do the stocks.
Not a very strong testimonial.
I would like to get my current gains into 2008, but if things don't at least stabilize I am going to sell way down, taxes or no taxes.
Of course, as soon as my last sale is made gold will jump $100.
Ha
But this morning's action has me doubting this thesis. European and US central banks inject considerable liquidity, inflation is creeping up in China, we all know what inflation is doing here- yet the price of gold falls as do the stocks.
Not a very strong testimonial.
I would like to get my current gains into 2008, but if things don't at least stabilize I am going to sell way down, taxes or no taxes.
Of course, as soon as my last sale is made gold will jump $100.
Ha
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