[Labyrinthos]

Only an idiot thinks that a healthy market always heads straight up and that all downward movements are bad. Equity markets need health restoring corrections from time to time to shake out the crap, consolidate, and move forward. The US equity markets haven't had a correction since the current cyclical bull market started back in March, 2008. A 10% to 15% correction from the recent highs is a good thing and should be viewed as a buying oppurtunity.

Gold on the other hand is not an investment. The price of gold is based not upon intrisic value, but rather, emotional demand based upon talking points and late-night TV/radio ads. Although I feel sorry for Freepers who have speculated in gold during the recent "pump and dump," you can't say that I haven't warned you over the years.

In contrast to the equity markets, the collapse of the long-term bond market seems more like a bursting bubble than a health restoring correction. I bailed out of medium/long-term bond funds about three weeks ago, although I still have less volitile short-term bond funds in my portfolio.

[agere_contra]

Don’t feel sorry for us Gold and Silver-bugs.

I am 20 Kg richer than I would otherwise have been, thanks to the shenanigans at the COMEX.

If silver stays this low I will buy more of it on payday.