gold, page-694

High risk going against such a strong bull crowd. Bad news is good news for stock market remember. Look at the surge in ASX200 post CPI figures.

I am not saying a surging stock market is confirming an underlying economy is strong and growing. QE baton passing has redefine the correlation between surging valuation and economic growth. This is where I think the goldbugs who are praying for a market crash is not understanding the correlations. Price is price and regardless of stop loss, a high risk strategy will bear little fruit and sole reliance on that lucky break to make up for the other losses.

I am pretty sure gold bugs have been shorting the US stocks ever since each market top was tested and getting a bloody nose. But good luck to that strategy.