Marc Faber, Dollar Will Eventually Go to Value of Zero, Oct 26, 2009

Sure. And since that time we had another big surge in gold and oil with the usual suspects crying "the dollar is going to hell". This anti-dollar trade must die, and it is dying as it's now euro's turn to go to hell, before gold can advance very much further.

I am not calling for any big crash in gold. A few months around $1000 may be enough to reload for the next bull leg.
 
Quote from Rearden Metal:

Hey, I know my credibility has been shattered because I've only been correct on my calls around 80% of the time, but right here, right now is another great entry point to get long gold. I just bought more.

Current spot price: $1111.70

Looking to exit some when it trades ~$1145 in a few days, and holding the rest for longer term.

RM, are you still long gold?
 
Back
Top