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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST
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To: carranza2 who wrote (33589)4/21/2008 9:46:33 PM
From: Maurice Winn  Read Replies (1) of 217615
 
C2, I didn't mean defending it verbally. I meant defending it by continuing to own it, which is "holding the line". While you hold, the "defenders" on your right and left are abandoning their positions. Solidarity in defence is crucial and when those cowards to your right and left cut and run, you had best not be the last one left holding the fort.

<I am not 'defending' the price of gold as (1) I'm not interested in doing so even if I could>

Of course you can't defend it by yourself. But by owning it you are defending it. Heck, even the Hunt brothers were unable to hold the line against the onslaught in the silver market and were massacred as surely as Davy Crockett. I recommend retreat BEFORE the onslaught, leaving TJ and other gold bugs to hold the Alamo and to defend the value of Fort Knox.

I haven't figured out what the gold price "should" be. But having been at an all-time high, it is quite possible it would take a break at a base camp for a while before assailing even higher heights.

Neither do I know how long Big Ben will keep taking US$ down to Happy Meal interest rate levels instead of a reasonable return on investment by way of interest rates. Looking into the future is essential to maximize returns on investment. Being ahead of other investors is essential. But not too far ahead. How far is too far is the question.

Mqurice
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