Hedge funds offers to price in gold

Hedge funds offers to price in gold

http://www.ft.com/cms/s/0/efe1a910-ed98-11dd-bd60-0000779fd2ac.html

 

"The move follows a surge in investor demand for small gold bars and coins held by individuals and gold-backed exchange-traded funds that are holding a record amount of bullion."

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Seems like the whole world is in the "buy gold" camp.

Crowded trade?

 

The good thing about a bubble in gold is that it doesn't have many secondary impacts on the economy, unlike oil. So, buy up.

 

It's a manifestation of the "hysteria" in precious metals. It should make for a good long-term sell signal. We'll see.

 

it was not. it went 2x from there but has now retraced to within10%.

 

as vince lombardi famously said winning isn't everything it is the only thing.
my corollary is that timing isn't everything it is the only thing.