Wednesday, June 26, 2013

Gold in a long term bear market

I think gold can rally $25, $30 from here, but it is a bear market in gold in dollar terms. Stay away from it. I think. If you own some and you get a rally, get rid of it. It is a long-term bear market.

For years I've owned Gold in terms of Yen terms. Turns out it was a bigger yen trade than a Gold trade. Gold is just another currency.