I agree with you, I am on record buying but with a different mind set. I have publicly listed by saying I look at XAUAUD for value buying and XAUUSD where the specs goldies tracks. I am not interested in fallen angels. Last week @$1700 AUD, what were the price of donkeys like MML TRY SLR FML from the top of my head ? Why aren't they at their euphoric high since crude oil is 50 bucks unlike when these valuation were being valued at 100 bucks oil price.
So the bottom pickers made multi baggers correct? Were they gloating in 2011 2012 2013 2014? If you keep buying problem dogs, you will eventually get lucky and buy an obedient one. No disrespect to dogs. Lets see those speckies and fallen angels perform if gold price keeps falling. Look at say TRY, just a blip from its hey days, is that smart buying? Probably yes if you gloat on the 4 baggers. I challenge you to be consistent with this approach. One big punt does not make oneself a consistent investor.
