All the long term bullish fundamentals of gold didn't change at all but only get better. People are chasing yields in equity now but paying an expensive premiums. Gold is also seasonally cyclical on physical demands from India and China. Second half of the year is usually much stronger than the first one. Liquidation of paper gold (GLD) likes is good for gold in the long run. GLD is for speculators and traders, not savers. [more]
It took only a few months of money printing (wealth transferring) [more]
Scientists: No way Banks: Simple. We can do this through ETF (GLD and SLV). It is so liquid ... maybe they can become vapor.
GDX hits new 52 week low today. Gold miners like ABX and GG are priced lower than the valuation/multiple of homebuilders like PHM and DHI now. [more]
If someone think 2% or 5% is crashing ... then what is up with the flesh crashing of 1000 DJIX points in May 2010? Gold miner stocks are hammered today like gold is really crashing. [more]