Gold Shines Brightly
We agree with Eric Sprott about gold, or at least as his comments are reported in the above excerpted article. And of course we take into account that his optimism is colored by his launch of a gold hedge fund with a perceived superiority because investors can redeem their shares for physical gold. We would only point out that one might think of buying physical gold to begin with and taking delivery - thus short-circuiting the necessity of buying an ETF at all.
On December 22, we had what has been dubbed the “Ice Tea Party” in <10 degree weather in freezing rain, after Senator Ben Nelson “iced” the Cornhusker Kickback with Reid and Schumer, paving the way to the passage of the health care law. We thought that was our biggest challenge in terms of forces of nature.
Thursday, April 15’s forecast didn’t look promising; there was a 60% chance of scattered showers.
Within minutes of starting our program, the drops began to fall from the sky. Then it started to pour. Only a handful of the hundreds left.
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