Yogizuna,
I think bullion holders are more long term. Each time I buy I keep Russell's words in mind, "in a few years gold at $400 is going to look cheap". Or something close to that. Bullion is a pain to buy, store, and trade, but there is no substitute!
I have no desire to trade my bullion, its just a hedge against the future decline of the dollar, and our economy. I've read a lot about gold stocks in a major decline, and I have not formed any firm opinion about what they will do.
I took a pretty nice hit on the gold fund today, and I was trying to time that a bit. I'll just hold it now, as I expect there is still some buffer from earlier gains.
My gut tells me this market move is a tree shake. My gut is often wrong short term, but long term its not too bad.
Good Trading.
TH |
