It has been a while since we have touched on gold. However, when mainstream media outlets post idiotic gold headlines, headlines that should spark investor attention, it might be time to take another look. Here is what I am talking about…..
The Washington Post: Gold is doomed
When you think about it, a bet on gold is really a bet that the people in charge don’t know what they’re doing. Policymakers missed yesterday’s financial crisis, so maybe they’re missing tomorrow’s inflation, too. That, at least, is what a cavalcade of charlatans, cranks, and armchair economists have been shouting for years now, from the penny ads that run on the bottom of websites…..
Wow….a double whammy there. Not only does the author suggest that most Gold Bugs are idiots, he also suggests that Greenspan, Bernanke and Yellen are brilliant economists who not only know what they are doing, they have full control of the US Economy. I might have a big problem with all of the above, but let’s save that for another time.
Back to gold. The sentiment above represents how most investors view gold today. I don’t have to tell you that when “Gold Is Doomed” articles are published, we might be approaching a major turning point and a bottom. I tell you what, if my overall stock market forecast fires off as my mathematical work suggests, you will see gold surging over the next 2-3 years. Due to additional rounds of QE and flight to safety.
The primary question is, where/when is gold’s bottom? That is for you to figure out, but it is likely to coincide with the stock market’s top. And if you would like to get that information, please Click Here.
