patrick.net

http://finance.yahoo.com/blogs/the-exchange/gold-slide-isn-t-over-184734466.html?source=Patrick.net

Sentiment has dramatically shifted on the precious metals. The gold bugs have gone silent or are desperately trying to re-frame their pitches. Meanwhile, the bears have gotten loud, and people previously claiming neutrality -- in no small part out of fear of wrath from the gold bug crew -- now feel free to pile on. With such a significant change in conviction, does that mean the slide is over? The short answer is no. The longer answer makes the case clearer and requires explanation. Gold is a bubble. The selloff is not recent. It has been going on for two...