Shorting Gold: 8 More Signs Gold is Overdue for a Correction

by Louis Basenese, Advisory Panelist Senior Analyst, The Oxford Club

Two weeks ago I told you it was time to start shorting gold. And the recommendation, as I expected, ignited a brew-ha-ha on our Investment U message board.

That’s because there’s not much middle ground. Most investors are either fanatical or supremely skeptical. If you have any doubt, check out the comments - and all the wonderful names I got called - on our website.

But since I’m a glutton for punishment, and since gold moved in exactly the opposite direction I predicted, it’s time for an update and a little clarification.

A Morsel of Clarification on Shorting Gold

Let me start off with a morsel of clarification. I don’t hate gold. I own it, or more accurately, an interest in gold via gold mining shares. And I believe a

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Sarah Palin is the Republican vice-presidential nominee in the upcoming presidential election, Alaska's first female governor, and their youngest governor. Todd, her husband, and Sarah Palin’s stock holdings can be found in her Alaska State disclosure filing for this year. Here are the stocks they own:iShares MSCI Australia Index (EWA) is an ETF that invests in Australian stocks. It has a PE of 13 and pays a yield of 5.33% .iShares MSCI Belgium Investable Market Index (EWK) is an ETF that invests in Belgium stocks. It has a PE of 9 and pays a yield of 9.98% .iShares MSCI Spain Index (EWP) is an ETF that invests in Spanish stocks. It has a PE of 10 and pays a yield of 4.56% .International Game Technology (IGT) makes and sells computerized gaming equipment. It has a PE of ...

Sarah Palin is the Republican vice-presidential nominee in the upcoming presidential election, Alaska's first female governor, and their youngest governor. Todd, her husband, and Sarah Palin’s stock holdings can be found in her Alaska State disclosure filing for this year. Here are the stocks they own:iShares MSCI Australia Index (EWA) is an ETF that invests in Australian stocks. It has a PE of 13 and pays a yield of 5.33% .iShares MSCI Belgium Investable Market Index (EWK) is an ETF that invests in Belgium stocks. It has a PE of 9 and pays a yield of 9.98% .iShares MSCI Spain Index (EWP) is an ETF that invests in Spanish stocks. It has a PE of 10 and pays a yield of 4.56% .International Game Technology (IGT) makes and sells computerized gaming equipment. It has a PE of ...