Monday, January 26, 2009

Chart of the day is............

.....spot gold, three year timescale using weekly candles.

Only cos it's suddenly fashionable in polite circles to talk about gold. Which is kind of cute, dontcha think? Which should also get you to hit the alarm buttons an unfurl the red flags and shout "danger! danger!" at everyone you know.

Bottom line: Gold does not make you rich, it stops you from becoming poor. I own, I highly recommend that you own and frankly if you don't already it beats me why you're even bothering to listen to me this time...told you 84 times already. But don't be under any illusion as to why you should own. It ain't gonna make you rich. It's your own personal long-term and large-scale insurance policy.