No One Is Trying To Win A Popularity Contest Here Mike.
This thread has only become a little more bullish lately due to the
fact a number of indicators are turning positive for bulls.It's been
a long and painfull decent from this time last year for many here.Many
were astute and observant enough and in a position to trade themselves
out of the carnage,and some may even have capitalized on the volitile
nature of the market.What does appear consistant is that the bulls
always tend to outnumber the bears.I guess this is normal,unless you
wish to start a thread indicating a bearish theme.This gold story is
fairly complex,and you have missed many crucial points.I suggest maybe
you take a little time and read the many posts here and elsewhere that
pertain to the Central Banks role in this charade etc......
What I have found consistant thus far is that gold is truly hated by
those who fail understand the necessity to hold physical metals or
other commodities in their portfolio.Take this Silver purchase by an
acclaimed guru,Mr.Warren Buffett.The press and analysts are falling
over themselves trying to discredit this purchase as foolhardy and the
biggest mistake the man has ever made.Yet any other move by him or his
company has been seen as profetic.You get the picture?They are running
around like chickens with their heads cut off trying to figure out
what he has " up his sleve ".They cannot accept the idea that BH has
recognized and acted upon a very simple portfolio strategy.Its called
...................................DIVERSIFICATION STUPID!!
They now are rambling and musing..." When will he sell "? bla bla bla
but forget quickly or chose to forget WB is a buy and hold value type
investor.Why should this be any different?Its quite amusing really.
Your statement " everybody is talking deflation " has been discussed
at length here and elsewhere.At this point,it is only talk.There are
no real indicators yet to verify this position and with the money
supply growing and labour markets tight with wage increases becoming
more likely,deflation may never be seen in the US.
Your statement " equities finally end their bull run " has also been
discussed here and elsewhere at length.It is the opinion of many that
the equities bull run was finished this summer past,yet the market
mavins continue to tout their wares to Mom and Pop Moo Fund buyers.It
is to be noted,albiet much delayed,that many financial advisors are
much more reluctant to weight their funds heavily in equities these
days,and advise diversification into bonds and other " quality "
instruments...but not gold!!No No No No...not that barbaric relic.
What does confuse me through all of this is this.............
The good ole US of A is only a small consumer of gold,yet much
attention is given to US economic conditions to measure the value of
gold in USD that is being consumed largely in India and SEA,not to
mention all of Europe.Can someone please explain to me why the US
dictates the price of a global commodity when they are a minority
consumer of that commodity,if in fact it is a commodity?
Good on ya that you caught the bounce.A real no-brainer but there was
a degree of risk still at that time.With regard to missing the next
bull run in PMs,I say what they say in the Lotto games......you can't
win if you don't have a ticket.<GGG>
Regards And Keep Posting.
All Are Welcome Here!!
Taurus
PS: I see you have received some excellent responses.See what a nice
thread this is even if you don't tow the party line?<g> |
