Is Bob right?

I spoke to my father-in-law this weekend; he called to tell me he is digging through his walls now to see exactly how much inventory of gold he has on hand; his yard sale may begin soon if we see a couple more days like last Friday. Gold’s down about $25 bucks this morning; I’ll keep you posted.

Gold has taken it on the chin the last couple of days. But, as dad says—to be expected given the move we’ve witnessed (one might call it parabolic; though bulls wouldn’t likely use that term). He has been right about gold, along with many others.