SP
you said:
Remember the US internet bubble? Remember the US property bubble? Everyone was being told it was an easy way to become filthy rich. The public participated in the final stages. When we are told this about investing in gold and gold equities then we will be in the final stages.
I say:
We wont be told about the pending gold bubble as many seem to be talking about. It will just happen, synonymous with the fear of collapsing markets or some kind of calamitous event.
I like what CT is saying because as an outline it makes sense. I have an enormous exposure to gold at the moment and intent to what very closely how it will be affected by daily, weekly and monthly events. At the moment I am convinced that the POG will fall come the ides of March, perhaps for reasons CT outlines or perhaps for cyclical reasons.
Ultimately whatever goes up must also have its time going down. Gold is no exception. Personally I think we have seen the high for the moment. Time in the sin bin is probably nearing - but before then I do see one last exit point (obviously sometime between now and ides of March).
Dont be blinded by your insight. It has served you well thus far. Dont let it take you down as the world, which is much bigger than you and your portfolio, makes a move against your position in gold.
CTs words serve as wisdom to me. Not necessarily a prophecy, just wisdom. If CT is absolutely right then CT gets a gold star. If CT gets the concept right then silver star. If CT gets it utterly wrong then I pat CT on the back for offering me an alternative way of thinking.
SP you control your own destiny. My advise is consider CTs viewpoint as I have and consider perhaps a Plan B for the off chance that CT is right.
GC
Add to My Watchlist
What is My Watchlist?