latest from stewart thomson

Always a good read:

http://www.321gold.com/editorials/thomson_s/thomson_s_121509.html

"24. I believe gold investors are making a mistake of epic proportions focusing on the possibility of a gold crash. If you think you blew it on the move from 905 to 1225 you will soon beg to have missed only that. Gold is pouring from weak hands to strong as we speak. Picture a huge gold urn pouring molten gold into the hands of the strong. The losers are trading faster and faster and have become obsessed with the idea that a US dollar rally means they must bail on gold now. The average gold traders can only sustain a $10-15 price move against them. They have set themselves up for guaranteed failure with such tactics. Create clarity in your gold actions. I am driving harder on the buy here and I will drive much much harder on all further weakness. Every 10 dollars down."