SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: orkrious who wrote (48301)12/28/2005 3:21:04 PM
From: ild  Read Replies (1) | Respond to of 110194
 
Date: Wed Dec 28 2005 14:56
trotsky (@GSS) ID#248269:
Copyright © 2002 trotsky/Kitco Inc. All rights reserved
it went from 8 to 2...so what, it first went from 20 or 30 cents to 8 after all. at $2 it's still up several 100% from its lows. in the 90's, it once traded at $21. when the gold bull market goes into its final phase a few years hence, you will probably need a microscope to detect that move from 8 to 2 on a linear chart.
in the 1970's bull market, the correction that began in late '74 took some gold stocks down by 80 to 90% from their '74 highs...once the correction ended many proceeded to rise by 1000ds of percent from their correction lows. this is only meant to illustrate that the biggest risk in a long term bull market is being out of it. of course nimble traders who catch all the important turns will make the most of it, but guessing where those turns are is tricky. and it's bad when after suffering through lots of ups and downs one gets left at the station when this market really takes off.