Gekko

IT’S tough being a goldbug. You keep thinking you’re about to turn into a Monarch butterfly, and then the price gets slammed again and people talk about you as if you’re some kind of cockroach. Even technical analysts who can make any market sound like it’s about to turn around aren’t much help.

But Frank Veneroso and his loyalists haven’t given up. Too many goldbugs, in my experience, spend their time reminiscing fondly about oil embargoes, President Carter, and their net worth in 1980.