Hello cd, <<Thinking about the markets, the financial insanity, and our favorite metals tonight>>
A coincidence, for this early morning (5:30am) I did same while jogging along the ocean on path winding along edge of lush green hill that hugs the bay of foreboding water sensing coming of storm. i was oxygenated by and intoxicated on windy air, rushed on brain chemicals, pondering what the market can and wondering what the market would do to me today, tonight, tomorrow, and days after.
If given a choice, I would choose a market that is consistently smooth, insistent but calibrated, measured, paced, and rewardingly rising over the next decade.
Failing that fantasy milk-run market described above, where the beast rises from lower left to upper right, to paraphrase the closet wastrel d gartmen, I would take a needle ramp obvious enough for enough longtime members of the gold fraternity to pull the rip cord and soft land happily and well rewarded by having held faith for so long, and having been tested so many times.
I obviously neither desire a re-test of my loyalty to and with gold splatting at 900 or beaten to 700, nor expect a punishment for my faith, with gold going to 500, and yet that is what I must dare to expect, else the gains would feel like a biblical sin.
while jogging back to home, i thought, again, "might today be the right day to unload my paper gold, to lower cost basis of physical hoard?"
now, at 12:25 noon, my mind operating either much clearer than when oxygenated and at 6:15am, or my mind clouded by unknowables and paralyzed by fear, or just on hold from simple greed, i say, today is not a day to unload gold, because gold is trending up, not down, climbing a wall of worries, not slipping from a slope of hope, etc etc
and so i hold for another anxious day and possibly terrifying night.
cheers, tj |
