GOLD FEVER......Its a Sucky Disease......................

Jul 02, 2013 09:58

 Barry Ritholtz one of the leading yet misquoted GOLD experts is now being taped by the Chinese, Russian and Indian governments about what should they do about there GOLD stock piles. They didnt like the fact he said "I Dint Tell You To Buy In The First Place"

He was interviewed yesterday about his relations with world governments and so far after ignoring him the last 5 years, they want to know is he can somehow magically fix there GOLD values. He would not talk details but he did say he cant fix a problem that was started because they went against his advice.

10 years ago he said gold will it $1200 a OZ and then hover around $800 it was a big call back then but then the Snake Oil Salesmen started pounding GOLD in our minds and said it was going to hit $5000!!!

Will the free fall has stopped momentarily and in the world of stocks, bonds and commodities, its bound to go up a little and because of that its going to sucker a LOT of people in. But he also said, its just going to go back down to about $700 or even to $600.

Almost what I been says the last 6 years.

You can wait for the magic $1400 or sell now but SELL!


"Man has climbed Mount Everest, gone to the bottom of the ocean. He's fired rockets at the Moon, split the atom, achieved miracles in every field of human endeavor...........except crime!" - Auric Goldfinger

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