"Morning Call" on CNBC featured a debate on gold. A lot of people are bearish on gold and while I could see a pullback in the near future, it seems to me that more and more investors are jumping on the bandwagon.
So, the dips should be less and less severe because less gold bugs are traders and are converting to long term investing. As the value increases, the less desire to bail out for immediate cash.
This causes foundational strength in the metals. This is starting to happen, in my opinion.
Besides, how can anyone argue that inflation isn't and won't be a problem in the near future?
Also, the new housing numbers were impressive... until you read that housing prices are going down and incentives are going up. So, let's see where this takes us.
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