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SideShowMel0329 (49.31)

September 2009

Recs

8

Is there anyone still long on gold? If so, you're more irrational than the bankers on wall street.

September 02, 2009 – Comments (10) | RELATED TICKERS: ANV , NG , GOLD

And you're even more ridiculous if you are long on gold miners. Overpriced metal, especially gold, is the new trap of the decade. No longer are we looking at hollow tech companies soaring ahead with 1000% gains. Now, we're faced with a new breed of irrationality. Led by Peter Schiff, Jim whatever-his-last-name-is, and the rest of the looney crowd, these blind group of followers are so caught up in their Austrian (I hate using that term because it disgraces a decent country with an irrational economic ideal) economic theories that they believe they are the only humans on Earth who still hold an ounce of sanity.  [more]

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