They talk about gold towards the end of the interview. Anyway Ritholtz points out that these hedge funds are getting ready to come undone and many of them had large positions in gold, so there is a possibility you could see panic selling in gold to below market fundamentals, that along with gold goes down in what looks to be a deflation scenario. Now the question is down the road what are the unintended consequences of all this govt interaction in the markets and non stop printing presses of money. Currency crisis?? A tsunami of inflation?? IMO that’s what you need to be paying attention to. I know that Rich has touched base on this subject and so have others about investing in gold mines. With the exception of today these stocks have just been hammered and the discrepancy between the price of gold the gold mining stocks is totally out of whack. Either the price of gold has to come way down or these miners have to rally and rally big. If that is the case the gold mines are the safer play here.
