fire! fire! everyone's running to the exits ., page-13

"Mate, pull yourself together. These sorts of bearish extremes are to be bought, not sold into. Yes the price of Gold and stocks could head a little lower, but the chances are the correction is nearing an end, not about to get ugly, it's already ugly."

1. Many folk are always "all in." So they have no worthwhile cash to buy these extremes. The most bullish gold writers always cheer these sell offs, telling their readers how it's a great time to buy more cheap gold and cheap gold equities. Problem is their readers don't have any money.

2. "the chances are the correction is nearing an end, not about to get ugly, it's already ugly." If you think 2008 we're nowhere near "ugly" yet.