Tom,
thank you once again for a detailed response. actually i've been with gold for about 3 years, BUT all I've ever done is buy and sell the stock. Still, maybe this is bullish, because I've been watching closely, and for some reason I feel that soon it'll be time to move to shift asset allocation. I've been of the mind for a while that the equities market is completely out of whack... and it just keeps on going. I've got very little in gold presently, although at various times I'll be in and out. I'm good at timing the short term moves, but I've sadly neglected focusing on the fundamentals of WHY gold is in it's present state. Nothing makes sense to me anymore... the dow just keeps on going, gold is seen as a dead asset. I'm convinced the demand/supply deficit in silver has got to move the price, yet all during the recent silver run I heard countless people on CNBC and other places, plus numerous articles, downplaying silver as a good investment. I'm either sadly out of touch with how things really work, or something has got to give somewhere. I can't see the present cycle continuing... but what will change it? Ah, I'm rambling here! Anyway, I am really enjoying yours and others posts and the links you post. Perhaps I can get enough of a grasp of this to contribute instead of all these questions<g>
best always,
kim |
