Whoa whoa tender years
Won't you wash away my tears
How I wish you were near
Please don't go tender years
--John Cafferty and the Beaver Brown Band
Russell lists end of yr gold prices for the past decade. Looks like 2010 will clock in at about $1400.
He's right. This is one of the greatest and underappreciated bull markets in history.
While my sense is that gold may undergo a pullback, perhaps a big one, in the coming months, this bull market will end with fireworks rather than wimpers.
position in gold, GLD
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They wonder much to hear that gold, which in itself is so useless a thing, should be everywhere so much esteemed, that even men for whom it was made, and by whom it has its value, should yet be thought of less value than it is.
~Thomas More
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