telamelo Listening without thinking for yourself is...

telamelo


Listening without thinking for yourself is pointless.
Manny small cap investors listen to what the board tells them but don't think for themselves.

Listening can be watching signals in the market not only what people say.

1. Mt magnet was meant to be producing 200k ounces per year now. What does that tell you.

2. 3000 investors don't see value in RMS today over 20 cents even though the gold price is still high at $1386, What does that tell you?

3. Banks are bearish towards gold?

4. The US stimulus is ending?

5. It takes $29 trillion stimulus to deflate dollar?

6. It takes at least $1 trillion stimulus to raise the gold price by $30 ounce.

7. Investment bankers have a consensus the high gold price is due to inflation hedging.

8. The gold demand could be met at gold price of $800usd ounce.

9. The last GFC gold crashed to below $800usd ounce

10 Deflation drives gold down.

11 Commodities and China have an inflation bubble.

12 The world economic conditions are deflationary.

13 Much of the gold price is driven by USD devaluation.

14 Previous inflation bubbles resulted in the gold price crashing and stagnating.

15 The Md of RMS was quick to exit RMS after purchasing at a low price.

16 George Soros bearish on gold,

17 USD stronger and investors taking profits.

18 India reduces consumption 400 ton per year.

19 Gold price too high as an inflation hedge.

20 Foreign exchange a better inflation for hedging.

21 Paper gold purchased don't represent real demand. The result is over speculation which has distorted the real demand and price.

22 The level of speculation has confused the market as to the long term price of gold.

23 The losses investors are exposed to from buying gold outweigh the gains.

22 Warren Buffet wouldn't touch gold.

http://www.bloomberg.com/news/2013-05-05/warren-buffett-says-he-s-not-a-buyer-of-gold-after-price-slump.html

Top all this off. If these aged long term investors who have more contacts than God are bearish.
What does that tell you?