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Showing results for tags 'gold and rationalism'.
http://blogs.marketwatch.com/thetell/2013/04/15/amid-gold-slaughter-1300-even-1200-seen-as-lines-in-the-sand/ I think Paul Krugman set off the final panic (all of the smart money left a few months ago when Goldman announced their departure from the market): http://krugman.blogs.nytimes.com/2013/04/15/gold-does-not-glitter/ Krugman makes the point that I've made here many times: that gold's run-up is based on Fox News-fed irrational and baseless fears of a financial apocalypse ("and now a word our sponsors at the Gold Industry"). How much you wanna bet Rupert Murdoch already cashed out three months ago? Rationalism kills.