Gold is Parabolic…WTF?
- Posted by Howard
- on February 28th, 2008
I am long PAAS, GOLD, SLW, GLD and Canada so happy, but really…
This is not going to end well for so many people.
I don’t read enough or know enough about gold to truly understand the move.
New wealth loves shiny things. Gold has generally risen during periods of inflation, global instability and a weak dollar, but history has never been kind to parabolic gold moves – at least for gold bugs that is.
I am so glad to be doing less and mostly watching stocks but am truly mesmerized by the surge and the deeper implications. Please continue to add your 2 cents.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Born in Toronto, lived in Phoenix for 20 years and now in Coronado, CA with a loyal wife (15 years, 14.2 Canadian years), two awesome kids and a dachshund. My current start-up is called Stocktwits and I am a co-founder and CEO. More »
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