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US Mint Sells Most Physical Gold In Two Years ... and -, page-65

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timber1956

7,424 Posts.

152

29/07/15

15:34

Post #: 15714779
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Originally posted by mainholm ↑

Cheer up D. That post of yours is the classic gold bulls lament. It is the sound made by many bulls when capitulation is near.

The forces at play work in cycles. I think that is a truism underpinning the capitalist system. It is also why the old adage of sell when prices rise and buy when prices drop also rings true. Picking the when to buy and when to sell is the challenge. There are heaps of strategies and various signals that help, but I won't bother to post here. Most are just 'suck eggs' stuff for the experienced anyway. Suffice to say, one signal stands out from the rest..........

when goldbugs start singing that POG is going to the moon...... sell
when goldbears start singing the POG is crashing through the floor.......... buy

Don't worry about the Skols of the world. They all suffer from classical 'normalcy bias syndrome'.

Be flexible, adaptability and just avoid confirmation bias at all times by maintaining situational awareness. Plus, don't borrow money to invest in stocks, bonds and especially derivatives.

Cheers

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Mainholm

"... don't borrow money to invest in stocks, bonds and especially derivatives."

I agree with you on stocks and bonds, but I am puzzled as to why you felt the need to include derivatives. Leverage is in the nature of the beast.
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