Agreed, chojiro!
My one ounce Gold Eagle has been removed from my collection and rests on my chest of drawers right under my shaving mirror. It has your name on it IF QCOM TRADES AT/BELOW $25 before it trades AT/ABOVE $69.
For your information, I have been a gold investor/trader off and on ever since 1960. I watched George DeGaulle of France call Nixon's bluff and trade 35 American dollars for an ounce of gold for the longest time--until Nixon was forced to close the gold window to keep America's horde from flowing to France. I watched in the early '80's during the Carter spike as gold soared to above $800 an ounce. I watched the subsequent collapse. I made a little money on the futures but not enough to justify the anxiety. Even though I have traded the futures, the bullion, the coins, I can't say that I ever made enough to justify the effort and the worry. Gold soaring one day, collapsing the next, always enough to put either euphoria or terror into the hearts of traders.
"Gold, gold, you're making me old" goes the old ditty.
Some years ago, I woke up to the fact that calamity does not lie just around the next curve in the road and need not therefore be feared. Once I quit fearing the future and trying to protect myself and profit from investing in gold, I started investing in tomorrow and the markets. I have been much better off ever since.
But, as I said, I never have really profited from my gold trading despite lots of fear and uncertainty stretching all the way back to the trauma of the Cuban missle crisis and the Kennedy assasination and before. This means that I am unlikely to win on this trade if my gold trading luck continues in the future as it has been in the past.
But never mind. If you win a lot of QCOM believers lose. And I'll be one of them.
Best of luck to you, you fearless gambler. |
