Yeh, you... well, maybe you but hopefully not.
By way of Johnny on the spot IKN, I found this article (statement of clarification) from Jeff Christian, which really did me some good to read. Not because it enlightened me, but because yours truly has run a blog and a website that has made no secret of its distaste for the more out there gold bugs. It is good to see normal people like Mr. Christian get some air time in the precious metals area.
I have gotten hate mail from Sinclair fans and been lectured by GATA droids. The blog is not nearly as popular as it could be if I felt like being a fucking wing nut, telling the gold bug community what it wants to hear and keeping it on full titillation 24/7, with the gory details of the control exerted by the 'master planners', 'elite financiers' and '1-world government' statists.
But no, I am just going to give you the blog reader my best effort on a balanced presentation of financial markets and the [currently] one asset on which I am big picture bullish, and to newsletter subscribers I am going to continue to give what I consider the be high quality (I know it's honestly produced) analysis in keeping us on the right side of these markets and the macro-events which ultimately dictate their fate.
Consider this another one of those posts that attempts to clear out the crazies from the readership. You will never realize what kind of pill you have swallowed because the power of the message, 'good against evil' is so strong and so righteous. Just be aware that the gold market has been here before and a lot of these characters have been waiting a long time for their time to return to prominence.
Gold is a monetary metal that is not officially money. You can easily buy it, if you can keep your greed and gullibility in check, you just might be glad you did one day. Gold is so misunderstood it is not even funny. This presents me personally with opportunities because doods, this gold/commodity/inflation herd is special. When it barfs up the gold mining shares as oil, copper, to a degree silver, and to a much lesser degree, gold go down, out comes the inevitable mania in the other direction (and not surprisingly, out pop the D-Boyz).
I'll keep the developing fundamentals for the newsletter at this juncture, because combined with sector technical status at any given time, this opportunity, with patience, just might turn out to be a whopper, and is not to be micro managed on a free blog. But this advice which you see here often: 'KEEP YOUR HEADS SCREWED ON STRAIGHT' is going to come into play ever more intensely for the remainder of 2010, not just in gold but especially in the entire, broad construct.
When you read the juiciest of the 'us against them' gold bug stuff, take it with a grain of salt. If you have feelings of dislike or even hatred as you read this, find another blog... Please. Even if the more strident gold bugs are right about everything, the emotion will screw up their (and your) trading. In fact, most in the sector can't trade and the 'hold against evil forever' mantra serves to justify this. But I have got to think there's a counter party that loves seeing the true believers so well tended.
Now, keep yer heads screwed on straight and have a great weekend.
