gold, page-4304

Briefly scanned your posting as I don't try to put too much faith in the finer details of certain fundamentals. It didn't hit a cord with me but does not mean I disagree. I just find your idea of valuation not based on price a little naive and unfitting for the detail of your posting that's all.

When gold price oscillates down, it can destroy gold companies even if you steadfastly 'know' that it was manipulated down for a certain agenda like MArch 2013. I saw it real time believe me and when you see from the charts the level that the market ganged up to crush was no random price level but a key support. They (market makers) know that there were a lot of stops sitting underneath and in order to create not a stop sweep BUT a waterfall running of stops, they needed a big firepower of large contract volume to push through and collapse the market. They effectively succeeded.

My point is if you were back then holding the darlings SLR TRY MML RRL and the likes, how would your financial position feel knowing that they purposely damage your financial position but there isn't a damn thing you can do about it? Pretend the price is wrong or the market is ignorant of the intrinsic vale of your gold stock holdings? This is my point when I say I want to stay on the right side of the manipulated market!

What have been the recent weekly discussion on the US stock markets here? Yes, they were gonna crash and tweezer or any of the top picking patterns to justify shorting opportunities. I on the other hand is no more cleverer than the next guy but I exercise some common sense and warned that it is more likely to keep going up and I gave the reasons I saw fit to use. I ain't looking for multiple TU and all that gloat factor. A few agreed with me but the disgruntled maybe by my use of seemingly bold language thought I was just attempting to be a clever dick.

Like I said, I have nothing against Skol's views and I take them as useful contrarian opinion that keeps me honest in my objectives. Back slapping is like the trader using multiple moving averages then get confirmation with MACD and all available trend indicators. Do you think it adds value to the confirmation? Good luck to your investment but don't get trapped in an inflexible mind set or bias like what I had gone through post GFC and all that lost opportunity cost.