| At the beginning of 2012 gold bulls had a straight forward thesis: Central banks around the world will continue to debase their currencies. The virtually unfettered money printing with no set ending would, the thinking went, result in rampant inflation and in so doing drive investors into gold.
Jeff Kilburg, founder and CEO of KKM Financial is among those with a bullish gold thesis. In November he came on Breakout suggesting investors get long the SPDR Gold Trust (GLD) in anticipation of the FOMC's balance sheet expansion. He got the expansion, but the GLD yawned...............................................Full Article: Source
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