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overtheedge
Member since May 2012
680 commentaries - 6 followers

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has posted a comment on the article :

The myth of gold price manipulation

- Clif Droke -

"Certainly any investor worth his salt would not be so foolish as to risk his hard-earned capital on an extended period where markets are showing signs of undergoing distribution (i.e. organized selling) or other periods of extreme volatility. "

Really?
Obviously then those of us that buy when the market forces a commodity below the price that the fundamentals would support must be idiots.

If the so-called manipulators drive the price low, wouldn't it be prudent for the value investor to buy low in hopes of selling high once the rebound occurs?
Or should the same investor wait for the price to rise substantially and then climb on board?
Perhaps we should wait until the price goes parabolic, yes?

I would argue that every market is manipulated by every participant.
Each purchase sends a signal to other buyers and sellers.
Everyone tries to buy low and sell high. Emphasis is on "tries".

T'would be far better to buy on the drops, then hold for the duration needed for the market to rise enough to book profits.
But this "buy and hold until" strategy sure doesn't provide much of an income stream from commissions now does it?
And because the strategy is so simple, there would be little reason to subscribe to newsletters that purport to offer real insight into the markets.

I suppose it is just my distorted view that leads me to ask why would anyone who is really successful in the market need to work at obtaining clients?
Were it me that was enjoying success, I would spend an hour or so on the web and then go enjoy the fruits of my investing labors.
Ooo, almost 8:30AM. Time to go fishing.

Commented 3179 days ago

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Beginning of the headline :How eager are gold bugs to believe their ill fortune over the last four years is the result of sinister forces rather than a lack of prudence on their own part? The answer is easily seen in the writings of gold commentators over the last few months. References to organized manipulation and an official conspiracy to suppress the gold price abound among many analysts and their followers. The collective passion behind this belief has reached a fever pitch and has created something akin to mass hys... Read More

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