Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: IC720 who wrote (115921)	1/9/2024 10:21:13 AM
From: Sun Tzu	1 Recommendation Recommended By IC720 Read Replies (1) \| Respond to of 116791

In the '60s USD was backed by gold. So gov spending more money on war equalled more demand for gold. This is why I specified "modern era" when I answered you. Context is everything.

To: IC720 who wrote (115921)	1/9/2024 12:26:00 PM
From: Sun Tzu	1 Recommendation Recommended By Arran Yuan Read Replies (1) \| Respond to of 116791

One other thing: Everytime I see someone speaking in hyperbolic terms, calling institutions or a vast swath of investors oblivious or worse, I discount them completely. They may be proven right, but that will be happenstance. The market is made up of buyers and sellers. The buyers think it will go up while the sellers think it will go down. In other words, half the market is always wrong. Real investors know that. And they know their opinion is at best correct only 55% of the times. So they are humble. A diversified group of well reasoned humble voices is what you want in your corner, not entertaining newsletters and conspiracy theorists. In the end, good TA trumps other analysis 80% of the times.