by Stewart Thomson
1. I predicted gold would bottom in mid-November and it did. Please click here now. Double-click to enlarge this fabulous daily gold chart.
2. A lot of amateur gold investors have missed this rally. That’s partly because they thought the “smart money” was shorting a lot of gold on the COMEX.
3. What they probably overlooked was the possibility that the smart money has been buying the miners and physical metal while shorting “paper gold” on the COMEX. That’s been a magnificent trade and I’m predicting it will become even more profitable in the years ahead!
4. Some republicans have labelled a US economy growing at sub 2% GDP growth with a 100%+ government debt to GDP ratio as the “mightiest of all time”.