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To: NOW who wrote (142998)1/11/2002 2:47:22 AM
From: GraceZ  Read Replies (1) | Respond to of 436258
 
The folks I know sold because it has ALWAYS made sense to sell gold when it rallies like this.

Yeah it makes sense until it doesn't. The way I feel about a fundamental play that is in a bull phase is that you don't trade it no matter how much it swings around. The swings are just random noise, how do you trade that? These things build up energy each time they rise and collapse. Then one day they move up and never look back. If you get into trading the swings you won't be holding when it makes that big break, you'll be sitting there waiting for a pull back that never happens. Gotta hold something that's in a real bull and gold producers are about the only thing that is.

All this other trash is running up on public speculation, a freakin game of musical chairs with the Fed playing the music.

How's that for a rant. <g>