gold crash timeline, page-104

Someone shows a bullish gold graph trying to disprove the long term trend.

This is the way gold behaves, war, inflation, politics and uncertainty makes gold rise initally before a recession.
Even those that don't have any interest in gold expect it will rise. When certainty returns or there is a recession gold falls.

Its a cycle with manny different stages, this makes the bulls and bears both right and wrong at some point. The skill is picking the entry and exit point. I think its easier to pick a rise than a fall, thats why I hold gold.

I don't believe in holding anything that can't survive a good correction.
I see the skill in picking a stock that has low production costs that can outlast a crash and benefit from a crash.
Its all about timing and looking at history.
People never change.