clo,
Well, I found it. Your comment about AKS was bugging me since I didn't even know what AKS was at first. It struck me as odd therefore that I'd ever evaluated (and criticized) it. But, of steel, I opined to you on June 10th:
"Steel is an industrial metal. It is one of the investments that, right now, I am MOST pessimistic about - short term, mid term and long. I wouldn't touch steel with a ten foot pole and recommend you divest any holdings you've got."
I don't suppose my offering helped, though...
The graph below shows AKS for the last six months. The blue dot is positioned at June 10th, the day of my post to you.
BTW, are you beginning to see that gold is very different from the other metals? Even silver - which has monetary properties - is inately industrial, with its price driven largely by manufacturing demand.
Gold, clo, is the only alternative to money-totally-controlled-by-bankers.
Even now (and how many times have you heard me repeat this message?) IT IS STILL CHEAP.
If you can grasp the extent to which dollars have been printed without anything backing them, you should understand the extraordinary danger represented by holding them and other fiat-denominated assets.
Those who have their life's saving entirely in dollars, euros, yen, etc., are playing with fire in the worst way. They are very likely to be UTTERLY WIPED OUT as this Keynesian disaster of an economy unravels.
Even though you're a Keynesian at heart, I will still hate to see it happen to you.
Lose your faith that others will find a way out of this. Have some confidence in yourself. If you can't see a solution, consider the possibility that maybe it's because there isn't one.
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
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