Interesting choice of words there, Ken "[POG] far too predictable"
I have a mining associate who outfitted 25 family mines---silver mines in Cripple Creek Mining District of SW Colorado--who used 2 years of basically a 10c silver trading range to completely equip each of his family's
silver mining properties, and subsequently reopen them for mining.
Clarence would trade 50 NY Comex contracts at a time for 2-3 up to 10c per per day's action as a day trade, and when he accumulated $1,000,000 in his trading account...took that mil, bought the necessities, left town to oversee the re-opening of that particular mine. Then Clarence came back and proceeded to repeat the entire process.
So, the assignation you made (which could be interpreted as negatory at that, Ken) about POG's predictability being "far too predictable" is not necessary a negatory viewpoint I'd share. See my point, because I sure see yours.
When it comes to observing market phenomena, I'm more like Rarebird in that morality does not need to be assigned to the observation. That is to say, I feel NOOOOOO need to moralize on the goodness or the badness of a trading range in POG or POS either way...just feel the necessity to recognize one when it occurs and play it accordingly, agreed?
This predictable gold cycle has made a LOT of people a LOT of money, as such stagnation periods ALWAYS do for the awake and alert. Now, if it will hold just a touch longer...as my mule needs new shoes...<grin>
Hey, where's Dave the GPM (old prodigy XAU thread) favorite farrier when y'need one???? Oh, DAAAAAAAVE????
gold_tutor |
