There were two items of intraday commentary on the precious metals which you can find by scrolling down. The more important of them is linked below. I found it to be a little surprising this morning.
Myron Scholes Sees Stagflation Coming, Stock Declines, Suggests Safe Havens Including Gold and Silver
First Rogoff and now Scholes. Maybe Mackay was right, that men go mad in herds, but come back to their senses one at a time.
I also found this story to be interesting in a similar vein, although Stanley is not an economist.
Stan Druckenmiller Tells Conference To Sell Their Equities and Buy Gold
Have a pleasant evening.
