Alpha dissipated

Wow! If I am on extreme margin lending, this would be my worst day. Luckily I am not.

Has gold been a bubble? Of course, it has risen too quickly but for it to plunge, it is sheer panic. At a low price, mines will close and supply will fall.

Is this GFC Mark II? Greek problem is too small a factor but it is causing a lot of concern due to contagion effect. No one wants a repeat of the Great Depression so it won't happen. I will be watching the market closely tomorrow because bargains will appear.