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re: Gold dropping today
Posted on 5/27/14 at 2:03 pm to cave canem
Posted on 5/27/14 at 2:03 pm to cave canem
The Rivers gold bug crowd scattered like roaches once the market picked up.
Those guys missed a 65% run in the stock market (ignoring the dividend yield) to hold on to that hunk of metal that isn't making them anything and is worth 20% less now.
Unfortunately, those types soured most of the better posters on this board.
Those guys missed a 65% run in the stock market (ignoring the dividend yield) to hold on to that hunk of metal that isn't making them anything and is worth 20% less now.
Unfortunately, those types soured most of the better posters on this board.
1
Posted on 5/27/14 at 3:07 pm to TheHiddenFlask
quote:
Those guys missed a 65% run in the stock market (ignoring the dividend yield) to hold on to that hunk of metal that isn't making them anything and is worth 20% less now.
Unfortunately, those types soured most of the better posters on this board.
I was very bullish on gold until late 2012/early 2013 when it was rejected at the 1800 level for the third time and I exited all of my positions at that point.
The US Fed and the ECB have handled QE perfectly with the US going first and the ECB to start after ours wraps up. They've succeeded in preventing an inflationary spike in the commodities.
Many get attached to ideas and theories and let pride dictate investing/trading positions. One can't be in love with an idea and must be attached to the money in ones account.
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