RON WAS WRONG!
Anyone who listened to him & invested in the broad DIJA or the NASDAQ on January 1 & did not invest in gold - GOT SCREWED!
Hmm... I don't recall giving out any advice about whether to remain in the market or not in January.
And my wife would certainly disagree with you since I have been doing nothing but howling at her to establish puts and covered calls to hedge her positions since the beginning of the year (to no avail, I might add... <sigh>) But we're not heading for a market collapse either, IMO. We're in for some long-term consolidation, with notable spikes up and down from time to time over the next 1/2 year to 12 months. Some stocks will explode to the upside, and some will just plain explode.
All I have stated is that the the fears you all seem to be counting on to rally gold through the roof.
The one thing that I did state was that gold would continue to decline after Y2K from I viewed as the dumping of gold back into the market after the fears of an economic collapse proved unfounded. I was wrong, but then again, so were all of the fearmongering goldbugs.
futures.tradingcharts.com
Instead it plummeted in the summer of 1999, spiked up in October, retraced, spiked up to a lower price, retraced, and looks to be ready to spike up to test $300/ounce resistance sometime soon. But after that, the probability is that it will retrace again.
As for Rarebird, I guess he can't stand the heat of debate. IMO, no idea is worth hearing if it proponent is unwilling to defend it. I've certainly taken far more crap from all of you, including Rarebird, than anything I have subjected him to personally.
Hell, Richard.. you still have never apologized for calling me a paid shill of the anti-gold conspiracy. I guess I should be "kopping a Rarebird attitude" and demanding that you "never post to me again".
Either I'm more tolerant, or maybe I just have more confidence in my logic than Rarebird does in his. |
