Gold bubble

The markets felt because of panicking fund managers. The POG went up because of fear.

Neither can head in either directions to that extend for a long period without correction. But POG will remain over USD1600 per oz for some time. The gold producers I invested in recently will still be very profitable at that level. Most of their reporting were done when POG was way below.

Today another dead rubber cat bounce in Wall Street. But at least the traders are regaining some senses back. Senses? Not at all. Suddenly they realize that it was just a rumour about France and then good data came streaming back to the USA. Absolute idiots these richly paid money controllers. But I love them!