Gold market timers risk missing start of major bull market Gold market timers risk missing the start of the next major bull market in the precious metal that will carry prices to $5,000 an ounce and beyond. At the moment the Gold traders obsession is the downside risk represented by an Elliott Wave theory and a fear that Gold will repeat what it did in 2008-9. The advice is to sell and remain on the sidelines and buy back when Gold goes below $1,050, $1,000 or $950. Bottom picking But what if the price never gets there or does so very fleetingly. Won’t you still be left in cash as Gold heads into the stratosphere? The risk is **t being in the market when it shoots up, **t a final correction of this bear phase. **w it’s true that if you are ******** with your last dollar then this is sensible advice. But if like most Gold investors you are using it as an insurance policy to hedge other investments this makes ** sense, particularly with other investments looking so close to the edge of the abyss. For how do you hedge against a crash in the bond markets of the world? Gold is the classic hedge. It has worked before and it will work again, and then some. We have only just begun to see the inevitable correction in bond prices so that we can get back to paying savers interest worthy of the name on bank deposit accounts. These gyrations will and are causing chaos in currency markets and Gold is the one currency ** central bank can print, though they can and do manipulate it on occasions, especially as a short term measure to shore up confidence in paper money. In the slightly longer term that never works. Hedge or **t? So do you want to be caught defenseless when the balloon goes up? Turning precious metals into paper at this moment in time flies in the face of common sense and historical precedent. If you talk to any old hand in the investment business they will tell you that market timing does **t work. People always seem to get wrong footed, and that is what markets are good at doing. So don’t sell your Gold **w thinking you can buy back at just the right moment. You won’t actually do it and live to very much regret **t riding out the ups and downs of the Gold price right **w.
06-08-2015, 03:27 PM
Gold market timers risk missing start of major bull market
Gold market timers risk missing the start of the next major bull market in the precious metal that will carry prices to $5,000 an ounce and beyond. At the moment the Gold traders obsession is the downside risk represented by an Elliott Wave theory and a fear that Gold will repeat what it did in 2008-9. The advice is to sell and remain on the sidelines and buy back when Gold goes below $1,050, $1,000 or $950. Bottom picking But what if the price never gets there or does so very fleetingly. Won’t you still be left in cash as Gold heads into the stratosphere? The risk is **t being in the market when it shoots up, **t a final correction of this bear phase. **w it’s true that if you are ******** with your last dollar then this is sensible advice. But if like most Gold investors you are using it as an insurance policy to hedge other investments this makes ** sense, particularly with other investments looking so close to the edge of the abyss. For how do you hedge against a crash in the bond markets of the world? Gold is the classic hedge. It has worked before and it will work again, and then some. We have only just begun to see the inevitable correction in bond prices so that we can get back to paying savers interest worthy of the name on bank deposit accounts. These gyrations will and are causing chaos in currency markets and Gold is the one currency ** central bank can print, though they can and do manipulate it on occasions, especially as a short term measure to shore up confidence in paper money. In the slightly longer term that never works. Hedge or **t? So do you want to be caught defenseless when the balloon goes up? Turning precious metals into paper at this moment in time flies in the face of common sense and historical precedent. If you talk to any old hand in the investment business they will tell you that market timing does **t work. People always seem to get wrong footed, and that is what markets are good at doing. So don’t sell your Gold **w thinking you can buy back at just the right moment. You won’t actually do it and live to very much regret **t riding out the ups and downs of the Gold price right **w.
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