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Strange business: Have pundits become too pessimistic about gold?

Posted on 10 April 2013

The recent decline in gold prices and the much larger decline in gold stocks — particularly gold mining stocks — has many people thinking that the decade-long bull market in the yellow metal has ended.
Economist Nouriel Roubini can be included in this group. In fact, he displayed his glee about the drop in prices last night on Twitter. In a back-and-forth with economist and investment banker James Rickards about gold, Roubini said, “Gold-bug suckers found another irrational useless bubble fad, the Bitcoin, the bubble flavor of the day,” referring to the recent run-up in Bitcoin following the Cyprus bailout………………………………………..Full Article: Source


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VRS - who has written 37583 posts on Opalesque Commodities Briefing.


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