Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.

J. P. Morgan

"Sell down to your sleeping point"

Tuesday, December 1, 2009

Excessive Bravado sentiment

Look at this over the top sentiment from Zero Hedge...


Gold hits $1,199.43 overnight, a whisper away from the limit cover orders at $1,200 that will take gold to the stratosphere and will prove to Sideshow Fred that gold is the real deal, and that the Fed has lost control of excess liquidity.



What a joke! Every time I see these jokers, It makes perfect sense why they are unemployed in the financial industry.

1 comment:

Tony said...

Rosie says $2600:

http://finance.yahoo.com/tech-ticker/article/382000/Rosenberg-Gold-Going-to-2600-Thanks-to-China;_ylt=AmgfSKM.BM3Y5YK6fQaRVGC7YWsA;_ylu=X3oDMTE2c21hZWFkBHBvcwMxMARzZWMDdG9wU3RvcmllcwRzbGsDcm9zZW5iZXJnZ29s?tickers=GLD,GDX,^HUI,ABX,NEM,GOLD,FCX&sec=topStories&pos=8&asset=&ccode=

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