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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG
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To: AltLar who wrote (30598)8/16/2011 1:47:24 PM
From: benwood   of 48092
 
"These folks are missing what may be one of the greatest bull markets of all time."

In the world of investing, this always happens.

When a stock is $10 a share, nobody cares.

At $20, a few care.

At $40 six months later, a few people start calling their broker.

At $80 six months later, clerks at your neighborhood drug store start hearing about it and thinking about it.

Then IPOs start to happen where the highest a stock will ever be in it's existence occurs 60 seconds after it goes public. If I'm not mistaken, that was VA Linux, at $320 a share? Hard to say, since it doesn't even exist any more.

I just did some research -- that was exactly right: news.cnet.com

The long and short of it is that *most* people miss *every* bull market. I know lots of people who lost a fortune on the tech bull, including one guy I met who'd lost $13 million dollars (his entire PF), *and* his house!

There's a reason there's a mythical *smart money* out there -- it's because it *is* out there. I'd say the percentage of smart guys on SI has never been higher -- thousands? of subscribers are just plain gone from the tech bubble's bursting. I would think that as the gold bull approaches a mania stage, more and more people will show up and try to get involved. That will be our cue to start locating all the exits in case of a water[fall] landing.
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