Comment: I'm not exactly a bear, though I have profited from the downturn

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fireant's picture

I'm not exactly a bear, though I have profited from the downturn

in gold. But the same reasons it has fallen thus far may mean more is in store; that being margin calls (the need to raise cash) by euro banks and large institutional funds, which just feeds on itself, creating more selling by those funds. Massive outflow from the ETFs confirm this to be the case. Will it continue is the question. I don't know, but I think war drums and economic failures in Europe will drive the next leg up, rather than printing or inflation, and it could be soon. As Europe deteriorates further, I look for stocks, gold, and the dollar to strengthen.

Undo what Wilson did