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Pastimes : The Philosophical Porch -- Ignore unavailable to you. Want to Upgrade?

To: littlebitmoore2 who wrote (5055)	12/1/2009 10:08:07 AM
From: Real Man	Respond to of 26251

The gold market is very emotional, so many bull market corrections are 10-20% crashes. That is what I mean. While gold can easily add $200 here, but it is extremely overbought, so the risk of such a sharp pullback is high. This does not mean it can't rally more from here, it sure can. No, I don't expect a repeat of 2008, and I am holding all of my own gold, but not adding any here, just preparing to stomach whenever the crash comes. Personally, for me it's the best thing to do, but you can also reduce your positions some, selling into strength and buying into crashes. If gold enters a real mania, I would expect more such occasional crashes, not less. This happened in the past. Real bull markets don't tolerate too many riders. BWDIK? I do think gold is moving up for a very good reason.