I don’t get it. Just do not get it. Since 2011 gold has been a fools game with short bursts of profit making moves. Very short bursts. Then it is back to grinding grinding grinding…

Oil can keep marching ahead, day after day, week after week, going up in price.

Gold fights for every step up, tooth and nail, then gives it all back like coming down a greased pole.

Don’t preach charts, how about an explanation? Think of the bull moves in steel. Copper. Basic minerals. Look what’s happening in uranium.

Gold production is down. Miners are cashed up and making $$$ by the boatload. Debt is way down. Central banks keep adding. China demand stays strong. The folks in India are back and buying with both hands.

And here we sit, hoping and praying that someday the gods of investing might allow the price of gold to actually be discovered.

Enough to make me puke. Pardon me while I do…..