What’s Next for Gold?

Kitco.com reported that What’s Next for Gold?

This past week was a scary time for gold bugs. But do not be afraid. I am going to look into the future and tell you what is next in the gold market. Last week we studied the art of speculation and concluded that speculation was a zero-sum game. For every dollar gained, there is a dollar lost. It is like the neighborhood poker game. At the end of the evening, the players as a group have the exact same amount of money they had at the beginning. However, this is not true of each individual player. The smarter players, who can foresee the future, will win.

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