Click here to get this article in PDF
The Morning Porridge/Bill Blain/12-15-2020
“I was rather looking forward to a couple of days in London from tomorrow – catching up with some clients, a couple of “proper” lunches, and a pre-Christmas dinner with the kids. But London has been plunged into Tier 3 and all bets are off, so this afternoon I’m taking time out to drive up to the Smoke to drop off presents and have a socially distanced cuddle from my youngest. Like everyone else, she’s upset – wondering what the point in it all is… no Christmas, no parties and little prospect of family time. Her Grandmother in Scotland can’t see her, and it’s looking likely the easing of get-together restrictions over the feast days won’t happen.”
USAGOLD note: Blain starts with the holiday dilemma we all face in these times (above) and ends with an observation and a reference to his own course of action: “My view is financial assets will remain fundamentally distorted and increasingly vulnerable to correction. I’m sticking with a healthy weight of gold and looking for alternatives.” Ramirez posted a cartoon the other day that captures perfectly the spirit of Christmas 2020 ……
Cartoon courtesy of MichaelPRamirez.com
The post Bearishly pragmatic first appeared on Today’s top gold news and opinion.