When I heard ads on the radio about selling your 401K and buying gold before it hits 2000+ and when I saw that the TV was marketing gold as the surebet for this bearmarket.
I knew then that gold was set for a drop. Too many people loaded up and needed to unwind positions on the lemmings by touting gold as the solution to the bearmarket.
I wonder how many folks bought gold at those high prices only to get scalped by a market with large bid/ask spreads and limited liquidity.
I covered GLD today.
I knew then that gold was set for a drop. Too many people loaded up and needed to unwind positions on the lemmings by touting gold as the solution to the bearmarket.
I wonder how many folks bought gold at those high prices only to get scalped by a market with large bid/ask spreads and limited liquidity.
I covered GLD today.