I've had a look at this and read about this guy.
Sounds perfectly feasible to me, the worst is behind us and the 33% difference in the last year and 39% difference between gold and the HUI in the last 2 years should be warning enough.
Exactly the same thing happened to oil before it began its plunge from $147 to $32, oil stocks fell precipitously for several months and then oil crashed.
There's a 50% difference between gold and the XGD over 2 years.
One of the reasons for my interest in gold, even though I don't own any is what's going to happen to all that money as the gold craze finally peters out.
I'd like to profit from it, most of it will be sold off by hedge funds and institutions once they get bored losing money, and plough it into the stockmarkets.
Gold's descended for 7 months, their patience will be running out.
Bad years are always followed by good years, you can position yourself for Armageddon or position yourself for growth.
Obama is talking about the speculation in oil and what to do about it, citing it a 'tax'. Oil and gold are linked, oil goes down, gold goes down.
The Standard Bank says precious metals are positioned for weakness.
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