Well, it's starting to feel like spring outside so I decided to open up the windows and clean out my office. While getting lost in the warm breeze and song of the quail marching across my back yard, I looked over to my bookshelf and noticed a sheet of paper folded in half. I cannot remember who the author is, but I know I printed it out for a reason which was to pin it to the wall.

The paper reads:

Don't make the biggest mistake of your financial life -

Y'all are not smart enough to sell and buy back lower, and neither am I nor most of the folks you'll ever meet. Some people believe they can consistently predict a market, but they are wrong. Only a very few do it successfully.
How many 80 year old retired day traders do you know?
Not as many as were forced into retirement because they lost all their capital.

The notion of selling now and buying back lower betrays a fundamental misunderstanding of our investment strategy. Investing Rule No. 1 is, "Always align your investments with the primary trend, the trend that will last for 15 or 20 years, whether up or down." Think stocks, 1982 - 2000. Or silver and gold, 1960 - 1980. Or, think stocks since 2000, or silver and gold 1980 - 2001.

You will always make more money WAITING than you will ever make TRADING. Our strategy is not to catch every little up and down jiggle, nor even the BIG jiggles, but to cut a long, long piece out of a powerful uptrend that will rise 25 or 30 times its beginning price.

You sell out, and here's what will happen. You are just gimcrack sure and certain the market is about to drop. You sell, and it obliges your confidence by rising 30%. Whoops. You just LOST your bull market position, and will either walk away in disgust to miss the rest of the bull market, or you will buy back in having missed that big rise and cost yourself a bundle.

On the other hand, say that you sell and it does drop. Will you buy back in when it drops 20%? 30%? 40%? No, no, now you are investing genius now and you just KNOW it will drop 50%, so when it only drops 23%, you miss it and watch it shoot thru the price where you sold it. You have now lost your bull market position, and are sitting on a pile of rapidly depreciating Ben-Bucks.

Friends, stop and think what y'all are doing, and don't change horses or strategies in mid-river, especially when it's at flood stage. Y'all made a good decision to invest in silver and gold for the life of the primary uptrend (bull market). You will sell at the top, and in the meantime increase your profits by swapping between silver and gold. That's a workable and profitable plan, and if you stick with that simple goal, you will make bushel-basketfuls of profits. Be patient, keep your eyes on the horizon, sit on your silver and gold. Your strategy is working, and will keep on working. Don't mess with it, cause it's not broken.