WHY DON COXE EXPECTS GOLD TO SOAR ON GOOD ECONOMIC NEWS

The standard wisdom on gold is that it does well in times of economic bad news such as in the 1970s, a period of stagflation and recessions, when the yellow metal rose from $35/oz to peak at $850/oz in 1980. But this time, Don Coxe, a portfolio adviser to the BMO Asset Management, believes things are different. In this interview with The Gold Report, Coxe explains why gold will rise when the economy improves.

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NEGATIVE SENTIMENT FUELS THE GOLD BULL

As gold soared towards $1434 recently, greed seemed to be making a comeback. From the lows near $1180, the golden metal had rallied about $254, with only one minor pullback.

The sell-off over the past few weeks has squashed that greed, and that’s good news for gold bulls. Markets rise on walls of worry, and worry seems to be creeping back into the gold market.

Read more: http://tinyurl.com/q9c2ogv

NUTS!!!

Since I feel surrounded by gold bears everywhere I look and the onslaught of articles recommending I and others holders of gold should “surrender” or face death holding gold, I chosen to respond with a one-word reply made famous during World War II –NUTS!

After 30 years in and around Wall Street, you develop a sixth sense that doesn’t require charts or some long list of fundamental reasons to justify a position. It’s like the movie is only halfway through but you already know where they’re going with it.

Read more: http://tinyurl.com/ndt89jr