Jared Dillian is an old friend of mine and one of the top editors at Mauldin Economics. Here’s a great read from him that I recommend for everyone interested in Gold.
by Jared Dillian
John F. Mauldin’s Tumblr
You have to be careful writing about gold.
You come out in favor of gold and you get maligned as some kind of doomsday-prepping, knuckle-dragging wingnut. Then you never get to go on TV. They don’t invite the crazy gold guys on TV.
I’ve been long gold since 2005. Rode it all the way down from 2011 to 2016. If you ride something down 45%, you are a moron. I’ll own it. I am a moron. I actually had a pretty good idea that there would be a correction in 2011, but I vastly underestimated how severe it would be.
Although that raises an interesting question. If something goes down 45%, is it a correction or a bear market?