Wednesday, February 3, 2010
Do not let the commodity bulls tell you it's all the same. You know, the ones who talk about "the metals" lumping Au, Ag, Cu, Pd and Pt, Ni, Mo and whatever else all lumped into "the metals".
There is only one metal that is sought after during acute monetary stress and that metal is making strides toward reasserting its out-performance mode vs. "the metals". That is because credit stress is popping up all around the globe post-crash and subsequent to the frenzied papering over of the damage that has gone on throughout the entirety of Hope '09.
So here's the gold monthly. Reflect upon its calm and for crying out loud, don't worry about every little $50 move.