It’s noontime and lone gold bulls like myself can feel like this when these folks at the Crimenex are the only game in town.
I just said to some friends in an email early this morning that we must hold onto the obvious conclusion that the rampart, unrelenting and unorthodox selling of gold can only mean the problem is so acute that even the kitchen sink must be thrown in to prevent gold from getting back on its decade+ march up.
Today’s trading is yet another indication of how out of whack things have become and just like Gary Cooper character, we’re all alone. There will be no rescue from the cavalry (regulators) and ridiculous commentaries like these and hundreds still to come, shall continue unabated.
But like I said earlier this week, don’t let these bastards wear you down.