Another reason why gold went down-besides manipulation

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Smaulgld
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Another reason why gold went down-besides manipulation

The naked short selling certainly has something to do with it. But it takes more than that.It also requires real  selling.  The selling occurred in the ETF's by new "investors" who bought into gold because it had been going  up. These people didn't really understand why they should own gold -as insurance and a store of value-and sold prompted by the drop in price and the media constantly proclaiming the  end of  the bull market in gold and precious metals.

I wrote this blog post  to explain why gold is not an investment, but rather an asset.

http://smaulgld.com/gold-silver-and-real-estate/

Thoughts?

Edited by admin on 11/08/2014 - 06:30

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