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Message: Re: Gold and silver soaring in Asia

Re: Gold and silver soaring in Asia

posted on Mar 22, 2008 01:07PM

I can't. (Tell when the low is here)

All I can tell is that it is significantly lower than it has been and that I believe that it probably will be much higher (and fairly soon).

According to market lore" "bears make money, bulls make money, but pigs get slaughtered"

"Pigs" in that maxim are those that try to nail the high and the low.

The maxim is not "buy the low and sell the high", it is "buy low and sell high". There is a huge difference.

Any time an investment that is in a long term uptrend for obvious and sustainable reasons experiences a 20% or larger pull-back, that is a clear candidate for a "buying opportunity".

This is not an exact science, but if all it took was "an exact science", then there would be a system that made just about everybody very rich.

If you do buy in here (and I did do some already), you have to have the fortitude to wait out some additional downward movement. It often happens.

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