RE:RE:RE:So much for Fibinochi!Loudermilk wrote: Rolling stops and relax, gold bulls break rules like drunk bikers on meth. Macroeconomic factors are weighing heavy on investors looking for safety, plus Guistra is pumping this dinghy hard, let it ride.
He was on his golden horse on BNN again this morning. Hard to argue with his logic, and he has scads of credibility given his track record of building gold miners (and other successful companies)
While this "3rd leg" in gold since 2001 ("likely the biggest") will benefit all those that hold gold assets, his prognosis of what is to come is quite scary. Gold is the insurance policy, when most other investments will fail. Human suffering and social & international unrest to follow. Got gold?
Interesting that he shuns explorers and big gold names (e.g. Barrick, Newmont, etc.) in favour of mid-tier producers (of whch he is building a new one in Leagold.)
His gold and market melt-down thesis, is not far off that of Ray Dalio...who some will say is the guru of all investment guru's.
MM