Gold took a massive dump!

Originally Posted by auminer

Reports schmeports.

Anybody writing print for a financial news agency, website, blog, etc only needs to be a good bull$#!+ artist, not actually know anything.

For every report spouting doom, & gloom & $1300s next year, I'll find you one spouting gold $10,000 and copper $50 next year.



Granted, 1300 is more likely than 10,000, and copper at $50 is ludicrous, but it's no more likely that gold 1300 will happen than it is that 1700 will.

Anyone telling you that they have any absolute foreknowledge of the future price of any publicly & openly traded item is a boldfaced liar. Period.

The only people that really make money off these "reports" is the groups writing them. I think it's a great scam. You buy a stock/commodity THEN write a report on how great it is to induce others to buy the same AFTER you already have a position.