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The Door Opens - Update: The Door Closes

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SixDegrees10/08/2009 2:49:57 pm PDT

re: #291 dahveed

I, for one, just bought some shares in a gold ETF. I might as well take advantage of the current gold rage. May even put a few extra worthless dollars in my pocket.

I was thinking of doing the same, but I’m looking to short gold. The sudden upsurge in interest is suggesting a bubble that’s ready to burst. I haven’t quite convinced myself of this yet, but there’s little doubt that a lot of the price movement is speculative rather than fundamental.