"As is the norm when the gold price falls, the mainstream press is going through a bout of schadenfreude."The Washington Post, for instance, recently ran an article under the headline 'Gold is doomed'. Bloomberg says gold is 'a textbook short'. And Jason Zweig in the Wall Street Journal claims gold is nothing more than 'a pet rock'..."
"This is exactly the sort of thing that happens during panic selloffs and major lows. In the same way that wildly bullish articles come out at the top, there's an avalanche of bearish commentary as we approach the lows."
"Copper is the most important metal in the sector," said mining mogul Robert Friedland at the Sprott-Stansberry event on Tuesday."More important than gold. Because copper is in everything. Houses. Autos. Computers. Much of the Internet functions on copper. So if the price of copper goes down, it tells us that the whole world economy is soft."