Originally posted at forexfactory on April 2, 2011:
This is why I’m a huge gold bear right now. The value (hysteria buying) has really runs it’s course and the fundamentals are telling a whole different story. It’s very possible that in a years time that you’ll be able to make money by holding dollars again. Since the Dollar is the safe haven, and is still the safe haven, why not make some interest? Fundamentally, gold buying is going to come to a halt. I can’t wait till it does. Just saying.
Want to short gold at these levels? I will gladly take the other side and go long. My sense tells me the fundamental value is a bit higher than current levels