am debating whether i should even bother to wait for gold 800, as in why not buy gold at 850? the breakout level
Exactly.
In my case, selling will mean loss in order to probably profit.
Never been there before, as most trades, more than 90%, have been profitable to some greater or lesser extent.
Taking a loss in order to ensure a future profit is a brand spanking new paradigm for me, one I find very uncomfortable, smelling like the road to perdition.
Risk? Bad, nasty, huge. Reward? Equally huge.
If I should stay put, risk is minimized as is anticipated profit.
Doing this previously unimaginable thing seems wrong, one best decided slowly and deliberately, lots of pencil and paper 'what ifs' involved.
Ultimately decided by reference to age old question: Who am I and what does this 'I' do?
We'll see.
I actually enjoy being in this conundrum as I know that staying put will mean OK profits down the line. My ego does not require excessively huge gains. My goals are reasonable returns. Not Buffett, not Gates, not Soros, not Chen. vbg.
Perhaps the thing to do is to sell some of the ultradefensive stuff and go a little more with double long gold DGP.
My mantra these days is to align PF with fundamentals, and we know they suck. Any halfway sentient being knows that. Unfortunately, the markets are ignoring all the rules, as they frequently do.
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