i follow gold every day. I keep fully expecting a major pullback. I don’t buy on dips, I’ve been dollar cost averaging for years through automatic payments because I do not believe I have any power whatsoever to predict the future, except to predict erroneously. Still, that said, i was confident over the last couple months that gold had to retrace somewhat. Based on that confidence, I figured that my confidence was false and I had to be wrong, and there would be no retracement. But then I couldn’t figure out which was my gut instinct, my initial gut instinct or my subsequent analysis of my gut instinct and my secondary gut instinct. I then began a tertiary analysis of my combined first and second gut instincts. The tertiary analysis was found to be unfounded and dumb. It’s this kind of thinking that is the reason i don’t do anything but dollar cost average into CEF, SLW, GDX, DBA, and DBO. Because even if gold “collapses down to 600 or 700 or 800 an ounce, I’d still rather be there than in the dollar, particularly at that unknown point in the future where maybe there is some kind of crazed inflationary spiral upward. And in spite of all my meaningless mental contortion, and meaningless “following” of gold price and news, big picture, I know the trend is (probably) on the side of gold. As evidenced by India buying up a truckload of the barbarous relic.
