November 17, 2010
– Comments (3) |
RELATED TICKERS: GLD
Two legendary speculators have a big bet on.
The final parabolic move in a bubble is always an exciting game of chicken. Fortunes can be made and lost. The only real question is "Are you feeling lucky?". It looks like Soros, Paulsen and others are feeling very lucky.
At least Soros is aware it's a bubble; many people still think gold is a safe asset or a magical, permanent store of wealth.
I guess the operative word here is 'speculators'. Should we be listening to speculators now? lol. Most people don't have the luxury of making too many speculative plays.
You also assume you "know" which of these professional high stakes players is right, that seems like an error to me.