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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?


To: Jamey who wrote (1628)5/18/2006 1:19:46 AM
From: SliderOnTheBlack  Read Replies (1) | Respond to of 50506
 
re: ["You cannot trade this market with any degree of success by trying to catch tops and bottoms. Anyone who tries has my sincere condolences."]

Really now ?

And here I thought cyclicals were called cyclicals for a reason...

So, your premis is what?

Trade growth stocks and buy & hold cyclicals?

re: your comment of:
["Anyone who tries (to trade the tops and bottoms) has my sincere condolences"]

Well that strategy certainly worked well for the goldbugs for twenty years following the last run up in gold -- now didn't it?

stockcharts.com

And more recently?

stockcharts.com

The problem is that during that rollercoaster ride -- very few of the 'bugs were actually able to "hang on"...remember the ANNIVERSARY Post regarding the "all time low sentiment reading" -- as reported by Hulbert's Digest last year?

I'm curious as to one thing...

Why do the 'bugs all show up here en masse -- during these shakeouts (vbg)?

You guys need to be shoveling your crap back at the 'bugs that are breaking out the lifeboats -- like the Kitco Crowd... you're wasting your time here...with this rationalization, denial and self-delusion.

SOTB



To: Jamey who wrote (1628)5/18/2006 11:23:14 AM
From: Crimson Ghost  Read Replies (2) | Respond to of 50506
 
I agree that gold is in a secular bull that will push prices far above $1000 per ounce within the next few years.

But short-term we are greatly overbought and a severe shakeout is needed to set the stage for the next huge advance.

But to compare the current gold jump with the 1980 surge that ended the 1970s gold bull is absurd IMHO. For one thing gold still is well below its 1980 peak and hugely below it it in real terms.