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

To: hubris33 who wrote (5008)	4/20/2007 1:43:31 PM
From: RonMerks	Read Replies (2) \| Respond to of 50428

regarding: 'if it aint broke-don't fix it' I find those comments rather amusing, but not surprising. Here's an interesting post by Martin Goldberg from Jim Puplava's site who has acknowledged what Slider has been preaching all along as being correct. I've bolded the most important part of his comments below. financialsense.com Market WrapUp for Thursday, April 19 by Martin Goldberg Gold Stocks Ready to Surge? Not All Signals Positive, Next Week Critical Gold, precious metals, and precious metals stocks are in a long term bull market and it appears that the Elliott Wave count is clear, readable, and legitimate. Also, the HUI Gold Bugs index is at a technically critical stage in the intermediate term. The action over the next 1 to 3 of weeks will likely provide a tip-off as to whether a full force resumption of the secular bull market in gold stocks is resuming, or whether gold stocks are now simply overbought and due for yet another painful correction. The long term basis for this determination is found within Elliott Wave theory. Yet shorter term, as the HUI appears that it might break into new high ground, not all signs point to an immediate surge. If the HUI breaks decisively above 370, that would signal the resumption of the bull market and it would even make sense to buy an overbought market. This would be the direct opposite of what worked since the beginning of 2006 which was to buy weakness and sell strength. And we all know who's been pounding the table on that since last May- now dont we? It's pretty obvious what has worked over the last year. The 'if it aint broke-don't fix it' trade has outperformed the penny-scalping day trades and the buy and folders- by about 10 to 1. So, I'd say anyone sticking to that strategy can afford to get 'taken' out of it- before abandoning it. The problem is that most gold bugs dont want to hear the truth as just told by Martin Goldberg, or Slider. They want to hear that every rally is 'the big one.' That gold is going to $3,000 plus and that they'll finally be able to shut up their brother-in-law the Orthodontist, who lives in a bigger house, drives a nicer car and who has a much prettier and skinnier wife and smarter kids. And heres the intersting thing about bugs. It's not even really about gold. It's about getting even with life. Gold going to the moon is their ticket to a fantasy life. Its the same mindset the gambling addicts have that ring the craps tables in Las Vegas. Gold bugs have always thought this way. Nothing has changed since 1980. They don't want to hear the truth. Never have and never will. Bugs went down in flames in 1980 and 1982 because they believed- really believed that it was just a correction, that gold was going to $1000, then $1300, then $2000. They held and they belived for 20 years- all the way from $850 to $250. Gold and the craps tables of Vegas have always attracted the same personality type. Those who think theyre going to discover a 'system', a 'magic bullet' and that they're going to get rich because they know something that no one else does. They really believe that they will ultimately be proven right- as long as they keep believing- and keep doubling down and keep rolling those dice. Ron