What’s Up with the HUI and Gold ?
You can Follow a LOT of PM Commentary on the www BUT there is NO one who tells it like Trader Dan Norcini .
Dan was a goldbug darling during the 2000s Bull run . Jim Sinclair promoted him as the best of the lot .
Then Dan went bearish…blashphemy ! And the goldbugs cried foul !
Off with his head .
How dare he ?
Dan continued to post his reasoned level headed work on Gold for free at his blog and he was still inundated with the most vile attacks from the faithful .
In spite of this he never wavered . He gets comments regularly on how he saved many goldophiles from trading disaster .
Now he has his own extremely well respected website Trader Dan’s World where for less thn a cup of coffee his members enjoy daily commentary like this !
http://traderdan.com/?p=8944#comment-2604
Thanks Dan for being Honest and true to your profession all these years .
Good update but not sure about this claim…
“Perhaps this sort of horrific price action will steer more investment capital looking to diversify into gold into the gold ETF, GLD. If one is going to buy paper gold, at least the ETF does not have inept management issues to worry about.”