Opinions are like dollar bills: If you print too many of them, their value goes down.
Every time gold makes a major move in either direction, suddenly every casual observer becomes a soothsayer, and the whole mishmash of conflicting guidance leaves investors more confused than ever.
After wallowing in an 18-month range-bound correction before a convincing breakout, every day that gold spends here in unprecedented territory increases the chances that four-digit gold prices represent the "new normal."
Above all, please keep in mind my admonition voiced during a prior surge in gold some 18 months ago: "Be brave, Fools. There will be corrections along the way -- some of them substantial. Investing in this sector requires strength and conviction, and short-term movements are nothing but noise within the broader trend."
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