The gold bull ... it's over ... it's over ..., page-59

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Skol

33,203 Posts.

1405

02/11/14

15:14

Post #: 14223862
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Originally posted by Skol ↑

UJ will probably indicate that there is more selling JPY and gold comes next week. Markets of all sectors will suffer from euphoria/exuberance as much as the gloom/doom at both extremes. These are the times where "gurus" makes their name so the Schiff/ Richards of this world retreats from their usual loud smart comments to be replaced by the Skol/Chanos of this world.

The most important thing I read from all these Nostradamus effect is that if you called the right bias, did you enact the right strategies whether trading/investing to exploit the profits or were you armchair euphoria seeking? Schiff was last week ridiculed for his call and rightly so especially for guru/posters who 'know' where price is going. He did comment that his Euro Pacific Securities were actively investing in emerging markets and gold. So he is in draw down on gold exposure but balanced with the returns from the other investments. That doesn't sound like a nutter which his critics like to paint him.

Again listen to Jim Rogers latest interviews and any other comments he has been making and he doesn't claim to know where a sector will end up. In fact he keeps coming up with humble comments like "I am not clever enough to know where price will ultimately head to" when responding to questions of picking tops/bottoms. He is simply building up a picture of understanding the risks and continually stacking the odds in his favor then fire his investment buys or sells.

I want to be in the Jim Rogers camp. I often read with amusement when posters will tell the public where price will end up and right down to the month or quarter. That is one skill I am not clever enough to figure out and I know my intelligence limits and will not try to pursue proactively. I am the expert hindsight trader HaHa.

Good luck those holding physical or stocks based. Obviously the gold stocks are more likely to be sold off come Monday and grade is king is this low inflationary environment so the AUD and oil price is helping a great deal. Would it be great buying opportunities? Who knows.
Gold 'expert' Jim Rogers should be piling in, big time, he said he would back the truck up if gold got to $1200.

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Gold 'expert' Jim Rogers should be piling in, he said he was gonna back the truck up at $1200.
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