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overtheedge
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Hold, Fold, or Be Bold? - Jeff Clark - Casey Research

"Every investor has to make his or her own decision. Do you accept the headlines at face value, or do the underlying data show that gold demand is stronger than reported?"

Remove the word "gold" from the second sentence. Replace with "corn", "wheat", IBM or anything else and then ask yourself, "Will I wait for a rapidly rising market to buy or do I buy at fire-sale prices?"

I contend that most will wait.
It is said that, "Fortune favors the bold". Those who wait see "bold" as "reckless" when the difference is, the bold look at fundamentals while those who wait look at technicals.
And the technicals are WHAT? Just the opinion of the majority of investors.
Herds stampede off cliffs. Individuals don't.
Majority decisions, like the herd stampeding off a cliff, are democracy at work. Democracies work until they fail. They always fail. Unless the object of the game is to get the herd to run over the cliff. For every market loss, there is an equal gain minus a handling fee.

Do as you inevitably will and quit your whining. You chose your strategy. You chose your tactics. MAN UP! Take responsibility for your own failures and quit blaming others.
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Great article. Thanks.

Commented 3515 days ago

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Beginning of the headline :Question: What’s the best way to determine if Prozac works? Answer: Look at your gold portfolio. I read about two dozen articles last Thursday about the gold market, and not one of them had anything positive to say. Technical analysts, mainstream economists, industry analysts—all were bearish for various reasons and timeframes. Why invest in gold when… We’re repeatedly told the economy is improving—and basic data like falling unemployment and rising GDP appear to confirm it The... Read More

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