Tilting at Golden Windmills

As posted at Biiwii this morning…

dq.windmillsThere is a writer we’ll call Don Quixote who is tilting at something that no longer really exists… the evil gold promoters that used to be taken seriously by innocents to the tune of near total destruction of their portfolios.

Don once went on about the gold cult and I even highlighted his post because I had been going about the gold cult as well. The cult-like aspect of the gold “community” (← a dead giveaway) was real, and the group-think that the 2001-2011 bull market fostered was very strong and really damaging to those who did not question its tenets until it was too late.

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Market Sentiment Hideously Over Bullish

Folks, with the SOX hovering just below target, the Biotech sector arcing upward, the Russell 2000 having broken to the upside, the VIX back near its lows, Nasdaq 5000 headlines...…

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