"Even as gold prices have risen, the very seeds of its future collapse can already be discerned.
Financial trends rarely reward the frenzied opinions of the crowd. Were the basic premise for soaring gold prices correct, then the bond market would soon crash and interest-rate yields would soar. That in turn would undermine a gold rally.
At http://www.kitco.com/ind/nadler/feb122010.html
Jon Nadler, Senior Analyst, Kitco Bullion Dealers Montreal thought the above worth quoting.
My comment:
So according to Nadler apparently the frenzied crowd is already invested in gold which as a result is already soaring in price.
Now what planet is that happening on?
With Nadler's daily "analysis" of gold being given a premium position, kitco.com has lost its credibility with me.
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