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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: Real Man who wrote (105186)4/1/2014 10:38:22 PM
From: Rarebird1 Recommendation

Recommended By
baystock

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Regardless of the gold forward swap rate, we had multi-decade extremes for precious metals in 2013, so we must experience a sharp move to an opposite extreme. All assets which experience multi-decade extremes of sentiment always move sharply in the opposite direction thereafter. Any dramatically irrational extreme unwinds dramatically. That is how the financial markets have behaved for millennia. It happens because extremes are caused by emotions, so once logic begins to rule it requires a huge move in the opposite direction to compensate for the irrational emotion which preceded it. Pick any asset and ask yourself when it rallies most strongly: always after people have given up on it and there are irrationally high discounts. When do assets plummet the most: always after they are the most beloved.
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