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

To: tshane who wrote (33830)	5/13/1999 6:31:00 PM
From: donald martin	Read Replies (2) \| Respond to of 116796

<<Let's you and I sit down to a poker game. I get to have "special knowledge"...>> That assumes several hands are played. And/or that the duration of the hands are short. I suppose it is if you trade on margin, or with money you can't really afford to "invest" (my time frame for investing is up to 10 years. not 9 months). This analogy may well apply to short term speculators, but I don't have a great deal of sympathy for them. Yes, we have abstracted this discussion to infinity. Our interpretations of what constitutes a market are diametrically opposed, and there's probably no resolving that. To be completely honest, I'd rather make profits than be right. What i DO take out of this exercise, though, that I hope benefits everyone regardless of which side they are in this "manipulation" debate, is that successful investing, as opposed to speculating, means: (1) NO MARGIN (2) BE PREPARED TO BE UNDER WATER FOR A WHILE. MAYBE A LONG WHILE. (3) DON'T TAKE ANYTHING ANYONE ELSE HAS TO SAY WITHOUT SKEPTICISM It's extremely mundane, but I think people need to see it once in a while.