Thursday, September 25, 2008

Emperors with no clothes

These people may be able to write an entertaining article....
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Corruption, Whispers & Receivership - by Jim Willie CB , Sep 24 2008 4:38PM
The Killers are with the Patient - by Darryl Robert Schoon , Sep 24 2008 1:47PM
The Gold Standard Strikes Back... - by Antal Fekete , Sep 24 2008 11:47AM
Trillion Dollar Treasury Defects: Truth and Consequences - by Richard Benson , Sep 24 2008 10:25AM
Final Boarding Call for Gold - by David Nichols , Sep 23 2008 4:07PM
Collapse Has Begun! - by David Vaughn , Sep 23 2008 2:54PM
The World Gone Crazy and Your Gold Stocks - by Kenneth J.Gerbino , Sep 22 2008 11:39AM
Paulson Goes All In Peter Schiff Sep 19 2008
Gold up to $893: Finally, the Wait is Over John Lee, CFA Sep 18 2008
$2,500.00 Gold and $250.00 Silver Peter Degraaf Sep 18 2008
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....but they really suck at calling the market (all links from Kitco.com in the last few days, and I could have quadrupled that list if i'd wanted to labour the point). Sorry, but somebody has to tell you and it may as well be me.

On the other hand, this post explains exactly why gold has just dropped away from $900/oz. Or maybe you'd like to stay on the losing side of the market, believe the "broken clock right twice a day" brigade and have fun shaking your fist at the world.
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Moral of the story: Live in the real world. I own gold and silver bullion, I recommend you hold it, but i have no illusions as to what it is and what it isn't.