“Wait a minute – I thought gold was like dollars!”
The CFTC is proposing “position limits” on the amount of derivative contracts, including futures and swaps, a trader can hold for 28 commodities.
“I think they have lagged long enough and we are reaching the point where if the price of gold stays at $1,800 an ounce or even goes higher, then the mines will begin to coin money and dividends will be increased.”
Gold is more like a drug than it is like money…
Some poetry for a tough trade.
What’s your price target on silver? How about gold? Based on what?
Video of my appearance on CNBC today.
Stuff I’m reading today…