I love guys like Gartman and Bernstein, and throw in Kudlow and Luskin. They haven't recommended gold all the way up from $250 in 2001, and now they would buy it at $460. Who wouldn't! But if it goes straight up to $600, where will they be - still out of the market.
It's been 64 days since
Don Luskin, on Kudlow's TV show,
said that gold's up trend is over
and the price of gold will drop
$30-40 from $464.20!
Here are predictions you can take to the bank:
The central banks and the bullion banks are short 12,000 to 16,000 tonnes of gold, and the price of gold will equal the price of the Dow Jones Industyrial Average.
Mover Mike http://www.movermike.com
I've reread that prediction three times, and I still don't understand what you're trying to say. I wasn't aware that the DJIA had a price.
Which means either gold goes up or the dow goes down. What's the price of the dow mean? I share of each stock in the average? What's that worth now? How do you figure in splits. Gold can't split.
They've borrowed gold and sold it? You have a source?
and the price of gold will equal the price of the Dow Jones Industyrial Average.
I don't quite understand.