MT,
Having traveled through Asia for a couple of decades, I couldn't help but laugh at your "dry heaves" reference. Provided you only had a minor bug, the dry heaves was a signal that the worst was over and you could recover. If you had a dose of amoebic dysentery, however, which it was my displeasure to experience twice, the dry heaves was only prelude to something much grander.
A measured approach is the correct approach here. We're in volatility, with no end in sight. There will be more opportunities to make/lose money.
JimL: do you still see the gold story as a solid one in these circumstances? The gold story is dependent, as I understand it, on maximum negatives in the real world. Sort of what we had yesterday, yet gold stocks declined, and they're still declining today. To me, people have been touting gold for at least 18 months, and it reminds me of watching "Waiting for Godot." Make that "Waiting for Goldot." I'd be interested in your views. TIA.
[Edit: Just noticed StSimon's reference to the Samuel Beckett play, so either I'm a free-rider or great minds think alike.]
Kb |
