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

To: donald martin who wrote (33873)	5/14/1999 9:36:00 AM
From: Enigma	Respond to of 116796

Donald - the advice you gave is sound - as in a father to a son - but it isn't of course the only way to skin the cat. d

To: donald martin who wrote (33873)	5/14/1999 1:55:00 PM
From: tshane	Read Replies (1) \| Respond to of 116796

"But, if you can't ride out short term fluctuations, irrational as they might be, then you've got no business being in the market at all." No, this is where we aren't on the same page. Irrational, I can handle. Technical analyses' usefulness is based upon the assumption of an irrational (random market). Short term, long term doesn't matter. Planned market manipulations aren't irrational. They're dishonest. That's why we have laws. (Often made to give the sociopaths an advantage and to create the appearance of fair play). My poker analogy still stands. Why would you sit down at a table to play if you knew that some of the players controlled what was dealt. You wouldn't unless you enjoy losing your money. That is the current state of the gold market. Anyway, doesn't matter how long you wait. If you think you are investing in a market where all players have the same chance of success you're wrong. If the current market manipulations fail to hold down the price of gold, you will probably see plan B put into effect. Something like - all people holding gold are "hoarders" and are bent on the destruction of the monetary system. If you have gold or gold investments you will be vilified and politely asked (hah!) to turn in your gold or it will be legislated that individuals can't trade gold except at a controlled price. Then you will realize you are sitting at a poker table where if you start to figure out their system, they will change the rules in mid-game and continue to take your money. This isn't an irrational market with probability determining who wins. Good luck! (As if that has anything to do with it) <g>