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HAHAHA !! BEWARE FORTUNE MAGAZINE'S GOLD WARNING !!

 
Anonymous Coward
User ID: 772492
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10/15/2009 12:20 PM
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HAHAHA !! BEWARE FORTUNE MAGAZINE'S GOLD WARNING !!
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Beware Fortune Magazine's Gold Warning 33 comments
by: Jeff Nielson October 08, 2009 | about: DGL / GLD / IAU
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Font Size: PrintEmail TweetThis It was hardly a surprise to see a Wall Street mouthpiece come out with an anti-gold attack on the day that gold reached a new, nominal record-high. What is a surprise is how utterly pathetic was this counter-attack.

For those that missed it, Fortune magazine put out a piece yesterday titled “Beware the Gold Bubble”. The only piece of accurate analysis in the entire piece completely refutes the title to the article. There are two components to an asset-bubble: highly-leveraged debt and (obviously) a high asset-price. The gold market does not exhibit the slightest sign of either of those characteristics.

Even the first paragraph of this piece of trash refutes its own premise:

Last Edited by Account Deleted by User on 12/05/2011 06:02 PM
ZTE
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10/15/2009 12:23 PM
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Re: HAHAHA !! BEWARE FORTUNE MAGAZINE'S GOLD WARNING !!
Price of gold dipped a lot today. My guess is because of the news that Harrods is selling it to the public, and they want people to believe gold is crashing so they'll trade it for paper. However, I don't even think we can see the roof as far as the price of gold is concerned (silver too). When enough people sell off their gold, then the price will skyrocket.
Anonymous Coward (OP)
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10/15/2009 12:30 PM
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Re: HAHAHA !! BEWARE FORTUNE MAGAZINE'S GOLD WARNING !!
Kind of weird : Fortune's and their paid sheep shills never said nothing about this crash or so !!
Why should we listen them this time or being right ??
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