Monday, March 31, 2008

OK now SELL with both hands

Man, this market stuff is hard.

Just as I was settling in for a happy week of bad news about inflation and silver prices going straight to the moon, Clive Maund comes along and says that these precious metals are waaaay overbought and due for a correction along with every other commodity. And then the price of gold drops, and so does silver.

What's a fella supposed to believe? Maybe I am like a cab driver after all.

Half the market thinks the price of gold is controlled by a conspiracy of central banks. The other half, maybe, takes money from the first half. Or maybe they just trade money back and forth, like a pair of closely matched hockey teams.

No comments: