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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 422.21+1.9%4:00 PM EST

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To: ecrire who wrote (26445)10/18/2011 8:31:15 AM
From: TheSlowLane7 Recommendations  Read Replies (2) of 29622
 
When I saw DeCecco pasta on sale at the supermarket yesterday for a dollar a pound, I did not stop to contemplate what fundamental or technical factors may have accounted for the drawdown in price. I did however load as many boxes into the cart as I felt was prudent, at that price point.

Along those lines...

"...a drawdown is a drawdown. It’s not an axe murderer at your house threatening your family. You don’t need to run out of your house screaming, “we’re all going to die if $1530 breaks on gold!”, when Mr. Drawdown comes for dinner. He’s there for a little food, wine, conversation, and to offer you some gold on sale. He’s not there to murder your family. The man knocks at your door to offer you gold and silver on sale, and you think he’s an axe murderer? Does that make any sense? In India, he gets the red carpet treatment. In America, he gets lynched. Let’s roll out the red carpet for every gold sale, not just the ones predicted by the ultra-leveraged flip traders. Gold is not burning today. It’s on sale."

321gold.com
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