That's why I post my opinions only - never investment advice - and that's why I always have a disclaimer that "My posts are for entertainment purposes only."
At the spec. end of the gold market, as we all know, our views on a stock can easily change overnight - we can be really bullish about a stock one day and the next day quite bearish.
As we also know, anyone who was very bullish about a company, particularly a spec, and then posts their changed opinions here about that spec often gets berated by numerous posters. So some posters will always and others sometimes just quietly leave that stock alone.
Gold and gold stocks can play with your emotions. Sometimes you might think you are being rational and in the cool light of day you are not!
You only have to look at the volatility in gold and the volatility in quality gold stocks. Especially when gold does not do as it should. This volatility, particularly with the specs can then be magnified as we have all seen.
For example, gold should have been soaring throughout 2008 and taken the entire gold sector with it. For various reasons including the Gold Cartel being very proactive etc. etc. etc. gold and the gold sector got absolutely smashed.
They were horrible times for all of us when we were getting wiped across the board in stock after stock that we had been bullish about - and of course there are any number of forum posts from myself and hundreds of others who were bullish about gold and gold stocks in 2008. Not to mention other stocks. After all, as it should have, gold did go over US$1000 early in 2008.
But what followed in the months after certainly did not go according to script. Any gold stock that I liked in the first half of 2008, where I was posting my opinion - of course I got terribly wrong. So did everyone else who made any positive posts with their opinions about gold and gold stocks in view of the continued decline in 2008 and the GFC later in 2008.
I find it's always best to learn from my mistakes, and I make plenty, and then move on, not dwell over how we got mawled in 2008.
Let's hope 2010 plays out for gold how I have been anticipating, and so my bullish opinions on gold and on any gold stocks I personally like that I post on will be validated.
