Chris, aren’t you the one who kept telling us that gold was about to fall back to $600 while it was on its way to the first test of $1000? Hoping you’ll eventually be right on this asset class?
“Interesting how 1980 to 2000 does not count with Gold”
Not sure what you mean by that – gold entered a secular bear market after its peak in 1981 – remaining in the precious metals after 1981 was a mistake – so 1980-2000 did matter to gold in that it demonstrated that all assets go through secular periods of rising and falling – an intelligent person realizes that and does his best to stay on the right side of secular trends whether they are in gold, stocks or beanie babies
once again, gold is in a secular bull market – in the bull market that ended in 1981 gold rose 24 times – 24 times the $350 low in gold takes us to $8400
perhaps your focus on trading has blinded you to the fact that the big money is made by taking a position and holding it till the end of a trend – even Jesse Livermore said, “After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting.”
