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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (56466)	10/14/2009 2:28:10 PM
From: Secret_Agent_Man	Respond to of 217906

it never seems to end.

To: Haim R. Branisteanu who wrote (56466)	10/14/2009 2:53:19 PM
From: carranza2	Read Replies (2) \| Respond to of 217906

This post quotes some very interesting comments concerning gold from someone who on the surface makes some good points, though I think the depth and quality of his thinking is open to question. Message 26018359 Nonetheless, based on the comments and on my personal feeling that PMs might be getting a bit ahead of themselves, I did something I should have done long ago, namely, set some stops on all my metal holdings which will capture some (but obviously not all) of my present profits. The stops are set low enough that they suggest a bursting of the metals bubble and a likely further deterioration. The thinking is to take the capital + profits from the sales and buy more on the cheap as they go down further as I think that PMs are definitely in a secular bull market but one which may well correct to some extent fairly soon. If the PMs continue to rise, so will the stop prices. But I definitely think we'll see a correction of some sort. Price is always set at the margins, and I have definite sense that momentum players are driving the present surge. These players are gone the minute things go south, even temporarily, and they will take the surging prices with them. If prices continue as strong as they have been, we may be witnessing the first baby steps into 'it.' I don't think so, but who knows. The problem with the strategy is that I may have set the stops at prices where any correction might reach bottom. If so, too bad. Can't get everything 100% correct.