the games up, page-22

The point being, why didn't Pugnacious' wife want to buy gold 10 years ago at $250/oz - before the decade long rally? Because investors herd so they inevitably become fully invested near price peaks. Nobody wanted gold at $250 (including central banks) but everybody wants it now at $1500/oz. And that's precisely why I'm so bearish on commodities & stocks and so bullish on the US dollar (which everyone seems to currently loathe).