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Politics : High Tolerance Plasticity

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To: kodiak_bull who wrote (4749)	5/18/2001 3:16:46 PM
From: JungleInvestor	Read Replies (1) of 23153

<<Congratulations to all those who have speculated in gold and seen their accounts rise, special congratulations to those who are quick enough to take profits before they vanish.>> Kodiak, the gold bull's time has come which means follow the old adage and "let your profits run." It's normal for gold to come alive at this time in the business cycle. Just as the historic stock bull move over the last 10 years caused a bubble that will need to be popped over a longer than normal time period, gold has been dragged in the cellar for a very long time and this run will last longer than usual. BTW, I don't believe "speculator" carries a more derogatory connotation than "investor." I consider myself a speculator because I invest in a weeks to months timeframe, versus an investor who holds over a longer time period. Believe most on this board would be considered speculators. My view is that a person who holds tech through the bull and the bear markets is taking more risk than the person who anticipates the various phases of the business cycle and invests accordingly (e.g., shorts stocks during bear market). History repeats and the business cycle is not as dead as many of the "new economy" people thought.

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