where are the gold bears now?

Back in their deep, dark caves now that gold is comfortably over US$1700.

Once again anyone who paid attention to their growling negativity and sold in the mid US$1500s when the gold bears were growling loudest has made a bad decision that has cost them money.

This is no different to the last 10 years, when at the bottom of every correction in gold the gold bears are growling loudest and growling for much lower prices.

I wonder if anyone who sold when gold was in the mid $US$1500s has learnt and won't sell out at the lows of the next temporary correction in gold?

"Jim Sinclair’s Commentary (at http://www.jsmineset.com/2012/01/26/in-the-news-today-1031/)

As usual, John Williams of ShadowStats.com tells us how it really is.

- U.S. Hyperinflationary Great Depression Moves Ever Closer

- U.S. Government and the Federal Reserve Effectively Have Destroyed Global Confidence in the U.S. Dollar

- Systemic-Solvency and Economic Crises Have Not Abated

- Precursors to Ultimate Dollar Disaster Are in Place; 2014 Remains the Outside Timing for Same

No. 414: Hyperinflation Special Report 2012
http://www.shadowstats.com"