Sunday, October 10, 2010

It's time to short Gold?

Data: Bloomberg; Wealthy Opinions
Should we short gold?

I suppose we should. This is even agreed by the Architect of current gold bull rally, Mr. George Soros. 

In an event, organized by Reuters in New York Mr. Soros said that "Gold is the ultimate bubble. It is certainly not safe." He further added saying that he expects a repeat of the historical pattern of bull runs in assets like gold ultimately hitting records and then suddenly reversing. Gold is currently the only bull market, and it may continue to rise but it's not going to last for ever."

Happy Investing!!! 

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