Hi Frank,
Got Gold? Yep
Kirby49 (Bob) & I were talking earlier today, about how the the market has changed. Liquidity appears to have all but dried up, institutions appear to be sitting on their hands (watching), but J6P is still trying to nail the bottom of this so far bottomless pit. (Along with some mutual funds). The psychology of the market has changed. Is it broken?.... i don't think so. At least not yet.
Do we grind down endlessly from here or do we rally?
I don't know & I really don't care. All I know is that based on historical evidence & more importantly very recent history (my hourly, daily, weekly, monthly charts), that something has changed in the markets. Gold appears to be gathering a following (& not on just S.I.).
All I know, is that I am content to observe what is happening in the market, & so far, I am deeply satisfied with the decisions that I have made this year with my portfolio'% return of Gold (junior) company shares.
IMHO, the trend is your friend---> Go with Gold.
Regards,
Peter |
