Thursday, January 7, 2010

Not Quite Gold Related, But... analyst Meredith Whitney is being thrown under the Wall Street bus. According to Tech Ticker, "Wall Street's Memo to Meredith Whitney [is]: You're So 2009."

Is Nouriel Roubini next? If gold resumes its climb, and inflation looms more and more clearly in the context of recovery, he may be. On the other hand, Peter Schiff's goin' under if gold falls decisively to three digits in U.S. funds.

It's going to be one or the other. Wall Street doesn't like permabears. Once they're no longer useful, after the (s)he-was-stunningly-right hallows fade, it's bye-bye. If Treasuries reverse their recent decline, then Roubini has his uses. If gold keeps shining, Schiff does.

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