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Emotions overpowering facts can be an expensive price to pay when it comes to general investing. When it comes to investing, Martin Armstrong has generally said, it has paid him a pretty penny when taking market actions contrary to his human feelings supported by facts. Actually he said, the more issue he has taken with his heightened emotions the more prosperous the trade has turned out.

The point of all of this, aside from being possibly freightened with some heavy losses in other issues of the sector, is the time here for planning to buy the turn, not yielding to your feelings with the passing thoughts of liquidating? Certain gold analysts obsessed with the metal day and night have failed the sector investors in no uncertain terms. Listening to all their nonsense about this and that have pushed a lot of investors down into the rabbit hole. The simple truth is all the forecasting for higher and higher gold prices have picked our pockets and made the naked sellers rich.

Trying to catch the falling knife doesn't always pay. We bought silver coins at $33 each when silver collapsed some time back from near the $50 level. The reason we thought it was good timing is certain analysts were predicting $120 and $240 silver in the next year or two. Analysts, huh. Time to do your own thinking. We all, it is felt, love to buy when bargains are apparently present, but are they really bargains today?

It would appear, aside from some minor nibbling, the time has not yet arrived to buy for the next turn as the caution light is burning brightly for the moment.

Thank god for Dave as he has outperformed practically everyone in our sector in saving part of our bacon.