Bernanke publicly frets over economic deceleration and deflation, and gold - the 'inflation hedge' declines. Get the plan?
Please remember, this space was shitting all over the momentum fueled rocketing of the gold price a couple of months ago, DUMBEST money on the planet in tow. I am anything but a desperate gold bug.
When thinking about the gold public opinion structure (it has changed drastically my friends), risk vs. reward is now a whole different animal than it was in August.
This is what we do this for people. These are the markets and you have got to love them. This disaster had to happen to get rid of the unhealthy momos, because we were not going to get where we are going with them aboard.
From a robot quoted in the article:
I must've had it all wrong, stupidly waiting for economic deceleration and today's near pervasive deflationary fear episode. I may not be right, but this guy is just the evil twin of the touts that were recklessly guiding people into the inflation and/or economic expansion trades 6 months ago. And he has just shown up right on schedule with the plan.