Gold prognosticators
posted on
Dec 04, 2012 04:31PM
We may not make much money, but we sure have a lot of fun!
Most of those who provides such are wittingly or unwittingly puppets of the market makers (Banking cartel led by the Fed). There can be no credible source of information who provides both a price and date target, since the market as everyone knows is rigged.
The result of such prognosticators is they generate expectation which is then preyed upon by the market makers who in addition to using their deep pockets to achieve the objectives they desire use and manipulate market sentiment to routinely relieve traders from their capital.
As Jim Sinclair has repeatedly said QE to infinity and what that means is inflation and a higher gold price of an indeterminate nature ... timing is unwknown but even he probably thinks it will happen sooner than it will. He is smart enough and well enough capitalized to ride out the storm.
If you are like me ( and I hope you are not from a investement return standpoint), many of your investments have been slaughtered. One thing for certain, changing strategies mid stream is a losers game.
Right or wrong, I will stick with the courage of my convictions in the juniors in which I invested knowing they were never all going to be winners, and when it is clear the prospect will not succeed, then, and only then, I will cut my losses and liquidate those holdings.
The gravy has been cleaned from our plate but the rice and beans remain and the our ability to live successful lives remain intact.
As we move into the hot wet season here in OZ, I wish for all of you a comfortable moderate winter and a blessed Holiday season ... we are a fortunate people to have so much including pools and a/c which take the bite out of the seasonal heat and humidity.
orgy