Van Eeden is a mysterious soul.
Saw him on BNN saying he's short gold to $740, then long. He 'doesn't care' what the price does from here, but was adamant that gold was worth $740.
Oh well, he's entitled to his opinion.
But then it got wild ; freaky wild. Apparently, the US is in big trouble, but the US $ is going to remain strong. Even though the US Govt has just signed an $800Bn I.O.U., and will need to print money to pay for it, this will only prove inflationary and devalue the US $ 'if the Fed wants it to', and 'it can be deflationary or inflationary if the Fed wants it to'.
Huh ? Exsqueeze me ?
Apparently the Fed can have its cake, eat it, Fedex 800 slices to Wall St and have a spotless kitchen. Ben Bernanke can just pop on his fairy godmother tutu and waves his wand and Paulson the magic dragon can make it all ok. Whatever you want.....you got it.
And there's the thing - all of these guys have their own opinions and are entitled to them.
Kaiser was a major proponent of FNC back at $2. He's entitled to his opinion.
Van Eeden and his lackey Cook were short on Noront's first run from about $3, and they covered at $5. Opinions can be expensive.
There's plenty of opinions in the world. I am aware that several Chromite companies have signed confidentiality agreements with Noront.
I guess they have opinions as well.
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