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ccmhi
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Bounce in Gold Is a Dead Cat – Fade The Rally

- Sam Kirtley - Sk Options Trading

$799 for nothing more than the same tripe CNBC spits out ad nauseum? I think I'll buy a couple tubes of silver eagles instead.

Commented 4140 days ago

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Beginning of the headline :Gold prices have enjoyed a welcome bounce from $1200 to $1280 recently, which has some perma-bulls bringing out the famous “this is the bottom” LP yet again, a record which has been played so many times this year it must be getting close to wearing out. Whilst this minor bounce in gold is to be expected with Bernanke cooling the markets aggressive tapering expectations, a major rally is not sustainable since the Fed is not embarking on any new quantitative easing in the foreseeable future. As su... Read More

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