Wednesday, March 28, 2012
Know when to sell
So this Money Morning is a kind of note to self, a warning. I have come to, I suppose, love gold - or at least the idea of it, and the glorious, free society it offers at the end of the rainbow. But I shouldn't. It's just an investment. So be warned and take note: should we ever see that exponential final euphoric bull market phase, then come back and read this, sober up and sell. Having a thrown a wet blanket over you all, I should say that my big picture view for gold is that the end of this bull market is still not within sight. All the main drivers - monetary stress, deficit spending, debt, currency debasement, ballooning money supply, negative real rates and so on - are still in place.