Monday, July 30, 2007

Gold Still Down


Gold continued to sell off in lock step with the broader securities markets over the weekend. The move was puzzling to many attendees and speakers at our event last week in Vancouver.
“I don’t know a cheaper place to put your money right now,” Doug Casey commented. “I’m a very eclectic investor… I look all over the world, in every market, and I’ll buy anything if the price is right. Gold is the best bargain in the world right now.
“It’s not just going to go through the roof, it’s going to the moon. There’s going to be a gold buying panic in the next few years that will just knock your socks off. The bull market for gold has not really even gotten started yet.”

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