See, here's the thing George. I've read some of Saville, but if I presented just that little quip, I would question whether he misswrote, or just the way you present it. The mid nineties was a bear rally not a gold bull, and I believe it topped about Feb 97. Probably somewhere before that was the top in the spec longs. Did the most open commercial shorts top in 93 and what happened between then and 97?
Regardless, it's a commitment of traders, and my commitment is 100%, has been for just over a year, and you have become an excellent contrarian indicator and worrywart popping up to tell us it's going down. If memory serves your commitment is mostly to bonds. Got any doubles and triples there? If you have a six bagger, expecting a retrace, how much will you let it retrace? If you sell it and it retraces 10% how do you know when to rebuy before the next breakout? What do you do with the cash in the interim?
I'm only trying to be a little snotty here George, I don't want you to go away, and of course would prefer you to get committed.
Regards
Bob |
