Forget about hoarding a few ounces of gold as a protection against currency disruptions or purchasing loss due to inflation or whatever the industry is selling you. From a long term standpoint you could be dead before it does you any good. You are far better off watching the trend in gold or gold stocks and getting in on the trend and GETTING OUT when the trend is over.
Neither gold nor gold stocks are suitable as “INVESTMENTS”. They are, however, great as speculative vehicles. As such you are not looking at long term trends to invest but at intermediate or short term trends to speculate. For this, in my view, the technical discipline is your best bet to develop speculating or trading tactics.
You must have heard the saying, “you cannot time the market” a hundred times. They are right. You cannot time the market if you are using the fundamental discipline, and almost all of the “experts” who cannot time the market are fundamentalists. Yes, there are technicians that cannot time the market but most of them can.
There are many experienced speculators (and manipulators) in the gold and silver stock industry. They are in it for the money (as you should be). Their trading (or manipulation) is seen on the charts and picked up by various technical techniques. They are the ones who determine when the bull trend will start and when it will end, especially for the more speculative stocks with nothing much behind them. You can do a lot worse than to follow their activities BUT remember to get out fast when the charts indicate their activities are now on the down side.
If you are in the market for any length of time one thing is almost a certainty. You WILL lose sooner or later. No one, to my knowledge, lasts very long without coming up to a losing trade. It’s how you handle those losers that separates the men from the boys.
Extracted from Precious Metals Central as I strongly agreed with their view..
Neither gold nor gold stocks are suitable as “INVESTMENTS”. They are, however, great as speculative vehicles. As such you are not looking at long term trends to invest but at intermediate or short term trends to speculate. For this, in my view, the technical discipline is your best bet to develop speculating or trading tactics.
You must have heard the saying, “you cannot time the market” a hundred times. They are right. You cannot time the market if you are using the fundamental discipline, and almost all of the “experts” who cannot time the market are fundamentalists. Yes, there are technicians that cannot time the market but most of them can.
There are many experienced speculators (and manipulators) in the gold and silver stock industry. They are in it for the money (as you should be). Their trading (or manipulation) is seen on the charts and picked up by various technical techniques. They are the ones who determine when the bull trend will start and when it will end, especially for the more speculative stocks with nothing much behind them. You can do a lot worse than to follow their activities BUT remember to get out fast when the charts indicate their activities are now on the down side.
If you are in the market for any length of time one thing is almost a certainty. You WILL lose sooner or later. No one, to my knowledge, lasts very long without coming up to a losing trade. It’s how you handle those losers that separates the men from the boys.
Extracted from Precious Metals Central as I strongly agreed with their view..
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