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Message: Re: Jim and John are pissing me off!
1
hle
Nov 08, 2008 07:52PM
1
Nov 09, 2008 06:14AM

I'm sure everyone was blaming their financial advisors in 1929-32, as well. The truth is that the market is and will continue to be unpredictable even to the best in the business. I think we all knew how to be (relatively) safe with our money, and chose to take some risks to get ahead in this world. Every advisor I've ever talked to has made disclaimers about the risks of investment, and has advised me to be a lot more conservative in my approach than I am.

For my part, I did independent research and bought TDC as well as many others in the junior field long before I had heard of Puplava. If I recall correctly, I could have sold Tyhee at a substantial profit in August 2007, but I was too busy drooling at the prospect of a 400 bagger(remember "Bigsky?"). Let's be honest here. It's all about our greed until we get hurt. Then it's about whose fault it is.

Gold is, was, and always will be cyclical. We just need to hang in for the other end of the cycle. And the market is so volatile right now that the other side of the cycle will not be 8 years from now. I predict January, but then I'm no better at these things than Puplava.

I was talking to an old friend yesterday, who knows nothing about financial markets. He was flaberghasted when I suggested that we might be heading into a depression. It was out of his realm of comprehension.

Maybe the events that have unfolded this year have been on too epic a scale to be within anyone's comprehension. And, as usual, a few analysts out there will be dead on because they can't all be wrong.

MR

MR


Nov 09, 2008 08:19PM

Nov 11, 2008 07:24AM
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