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mwozniak
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What Gold Lacks Is Short-Covering Panics

- Rick Ackerman -

thanks for your thoughtful insight.

Commented 4583 days ago

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Beginning of the headline : With the world in the throes of an unprecedented credit blowout, gold’s failure to crack $2000 barrier can sometimes seem mystifying – the moreso as the correction begun in 2011 stretches on, now into an eighth month.Gold has acted more like wheat or corn than like money.Shouldn’t it reflect the fact that dollars, euros and yen are available to an insatiable group of borrowers, mainly large banks, at no cost and in practically unlimited quantities? Indeed... Read More

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