fiscal cliff, page-69

Andy,

I think you need to face up the facts, an improving economy, 12 year old bull market, an exponential spike in the gold price, stock markets booming, home sales up, no more QE all adds up to a weaker gold price.
While a bubble is only visible in retrospect, it's now 16 months since gold peaked, so it's looking very likely the party's over.

My previous post was interrupted by a phone call. It was a satcom call from bungling Captain Schiff wanting some advice. To add to his problems a drunk passenger is causing problems rambling about gold and bankruptcy. A former wealthy Brisbane businessman, he's in 57J, the worst seat in the airplane, it's all he can afford after the bank slashed his credit card limit because his collateral, the contents of his safe depost box in Briso are becoming worthless. Gay flight attendant, Jim Rogers, immaculately turned out as usual in his trademark bow tie is also a goldbug and having second thoughts about his hoard and commiserating with the drunk who's been drowning his sorrows after reading on page 79 in Yoni Jacobs' book, 'Gold Bubble', that gold could drop to $252.80 an ounce.

To be continued......