Tom yes, I hope so too. It seems that we have two streams here - the day traders, worrying about the slightest moves, confirmations, non-confirmations, and the investors who would say "buy low, sell high, Dow high, gold low, me Tarzan you Jane, sky blue, sun yellow"
In other words, how simple does this get?
Of course there is yet another category - the wishful thinkers. I hope
I'm not classified as one such! I can't get many of you to rise to the bait!
If you're an investor as opposed to a day trader, and you buy gold at $294, how can you possibly say that you will sell it if it doesn't make it to $310?. I can see having a strategic stop loss in place (maybe), but all of this will look very picayune if gold is at $400 - $450 in a year or two, because if you nickle and dime this you will miss the boat. And it you are in the stocks, especially the marginal producers including some of the South Africans, you will see a doubling of price under this scenario, and if you in are some of the rock bottom juniors you may find those mythical '10 baggers' later in the cycle.
Enough!
I expect that gold, too, will climb its wall of worry |
