Are You Happy with Your Gold Position?

Prieur du Plessis of Investment Postcards recently gave his take on gold in 2012. He talks about the drop since August 2011 and explains why he remains bullish in the long term. Plessis believes there’s still more consolidation ahead and that prices could still slip, but with Europe looking down the barrel of a recession. Plus the fact that Gold is coming off a stretch of overselling the likes of which hadn’t been seen since 2008. Definitely worth reading if you’re in gold and need a pep talk.