thanks...first, still watching SIII. at 4 3/4, tying low...am still not in yet....very tough but potential base....
second, good ques., on the golds....even better, my 'PSYCLE sm' answer: I have been teaching for years, that, trying to somehow 'link' potential 'world/national events' with future price moves in gold, (or anything else for that matter) would not, and certainly has not worked, and pretty much does not, to any degree worthy of trying to do it....there are almost NO directly-applicable "links" of anything fundamental, to technical chart/stock moves....
yes, it may "seem", espeically on hindsight, at times, to have been due to an assumed "link", but most times, has only been only AFTER the fact.... at the time of the expected "news/event" ooccuring, most often, the investment has already moved, and/or is too late to begin acting on the assumed nature of the news/story/event...and you know this....this has been one of the many secrets to our success, especially since the 1980/81 gold high, and the 1987 crash....anyway, seriously, gold has not responded as the "crook gold pushers/bugs" have been endlessly predicting, each time a supposed "event which is assumed might move gold" has occured, since 1980...and you know this also, right ?
my "PSYCLE sm" never "links" any real or perceived "event", financial, political, or other, to any potential future price moves, of just about anything, trading-wise....now, this puzzles and upsets many unenlightened people, which is fine, since most other people have done way worse than you and I have....one reason why I ignore 95 % of everything that others insist on trying to base B/S/H decsions upon, is BECAUSE I went back and studied hundreds of assumed events for linkages, going back decades....most people have no idea of historical facts, which is why so many people still buy/hold ideas near their tops, and rarely buy anything near their lows....neat....
anyway, keeping this brief, I know this seems weird, but I really did NOT "get" bearish on the Mexican, Japanese, Asian, Semi, issues, when the "news' seemed worst....I looked to BUY them long, after depressed bases formed, the last several years....fact: the "news" got worse, yet their STOCKS, rose...as is normal...hey, most people don't ever remember what actually occured in the recent past, and how things transpired, yet, "at that time" of those crises (as with the Asain crisis, and political crises, now), most people were overreacting as they always do, running around, trying to somehow paint "scenarios" about what might/will happen, when/if certain "events" occur forward, right ? and, as we know, very few people bought the Japan, Mexico, Semi./Tech. etc., issues, near their "crisis" lows, back then....and they ALL rose thereafter....
so, many "golds stocks" have Already popped, as I predicted, and as you know, right ? and they are likely to fulfill their technical price destiny, regardless of any "middle east" stuff occuring, with few exceptions ....gee, I hope this helps you, you are already well above avg. in knowledge, but knowing stuff like this has really helped me help a lot of people over the years....
last--- FACT: when the Gulf War in 1989-90-91 period occured, everybody said, if shots were fired against Iraq, gold would explode upward, remember ? and, as I wrote at that time, the next day, when the Gulf War started, gold FELL the biggest % DOWN move in its history !!! and oil, also FELL... "if" fundamentals and "event scenarios" had any meaning, this could never have happened...I can go on, but will end, here for now...neat, huh....best wishes, I could write a book.... |
