RE:Putrid stock performanceWhen Mr S. comes on here , every few months and calls us all imbeciles (not how to make friends S.) to give his opinion, and yes, we do value and respect everyone's constitutional right to have one; it has in the past been a strong contrarian indicator.
And I do heartily agree with Mr M. that things are setting up very nicely for some big positive moves in the gold space.
To me another contrarian, though thinking about it perhaps not contrarian just a regular indicator, that the powers that be are worried about the message a rising gold price is giving, and feel it necessary to spend some money, of which they have boundless amounts since they own the printing presses, to slam down the price of gold. The last big drop in gold has all the earmarks of such slaming. From what I read it was mostly orchestrated by a couple very large sales. Whenever someones sells a large amount of something very quickly, something that had been pretty stable of price, and logically would allow you to sell slowly at a much higher price, than it's to drive the price down. So not spoofing for profit, that is something different, simple bring down the price. Happens now and again, and yes, so what? Can't be proven, and regulators would have no motivation to prove it anyway.
But in order to not give up in despair , you gotta believe that in the longer run, the large undercurrents, and just really big currents in general, will prevail. Those currents to me are: big big inflation; a slowing ( quite drastically it seems) world economy and soon US economy; a crazily inflated stock market (for a limited number of companies that are many times higher than they should be, and have no possibilty of ever making enough profit to justify, but that are a big part of the indexes) simiiar in many ways to the dot com bubble; huge money creation, and zero interest rates. Scares me just writing all those things down.