"History is a wonderful thing, if only it was true"

Sunday, May 22, 2011

So very tempting

Don't know when, but short gold is so very tempting.
Up the stairs, but down the elevator shaft ...

FT.com / Lex - Gold: the bubble’s popping will be nasty: "There should be no big problems for the ETFs and their marketmakers; they could operate safely in liquidation mode. And physical buyers could be found to absorb the additional supply from the ETFs – at some price. But to clear the market, it is likely that the price would have to fall.

Predicting the top of the gold bubble is foolhardy. It is safer to predict that the bubble’s popping will be especially nasty."

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