Comments on: Is Gold Another Fiat Currency? http://tuckerreport.com/2009/11/12/is-gold-another-fiat-currency/ Technical Analysis of the financial markets, and other thoughts on trading Mon, 01 Mar 2010 04:05:54 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Doug Tucker http://tuckerreport.com/2009/11/12/is-gold-another-fiat-currency/comment-page-1/#comment-7947 Doug Tucker Sat, 14 Nov 2009 20:12:41 +0000 http://tuckerreport.com/?p=1274#comment-7947 Thanks for comment. I didn't take it as angry at all. I'm a long time gold bug and very bullish longer term. I'm just contrarian by nature and try to point out the other side of the argument when markets are getting very one sided. The market has a way of punishing investors when they loaded on one side of a trade. Maybe gold is not there yet. I still have a long position, but I'm watching it very closesly to at least take part off in here. I'll probably always keep my core position not matter how high it ultimately goes. Thanks for comment. I didn’t take it as angry at all. I’m a long time gold bug and very bullish longer term. I’m just contrarian by nature and try to point out the other side of the argument when markets are getting very one sided. The market has a way of punishing investors when they loaded on one side of a trade. Maybe gold is not there yet. I still have a long position, but I’m watching it very closesly to at least take part off in here. I’ll probably always keep my core position not matter how high it ultimately goes.

]]> By: John http://tuckerreport.com/2009/11/12/is-gold-another-fiat-currency/comment-page-1/#comment-7919 John Sat, 14 Nov 2009 03:50:29 +0000 http://tuckerreport.com/?p=1274#comment-7919 Though i understand the concerns of the radio adverts suggesting to buy gold - to use this as a basis as evidence of a top even intermediate one has many flaws. (I know that is not what your doing but many commentators do). Not too long ago literally hoards of contrarians were worried that Jim Cramer had said he was buying gold. And yet gold still romped on. Poor Jim Cramer is he not allowed to get one thing correct? I agree sentiment is important but it just is to fuzzy to measure in a scientific way. But if you want me to play this game well - I have 60 people who work in my office and NOT one has bought gold. What does that suggest? PS This is far from an angry email from a gold bug , love the work keep posting. John Though i understand the concerns of the radio adverts suggesting to buy gold – to use this as a basis as evidence of a top even intermediate one has many flaws. (I know that is not what your doing but many commentators do).
Not too long ago literally hoards of contrarians were worried that Jim Cramer had said he was buying gold. And yet gold still romped on. Poor Jim Cramer is he not allowed to get one thing correct?
I agree sentiment is important but it just is to fuzzy to measure in a scientific way. But if you want me to play this game well – I have 60 people who work in my office and NOT one has bought gold. What does that suggest?

PS This is far from an angry email from a gold bug , love the work keep posting.

John

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