I get lots of emails from gold bears and many from people trying to jump in and out of gold, because they are scared to hold it.

Gold is in a new bull market and yet so many people are not taking advantage of this properly.

Here is one email I got this morning:

after you got so excited this morning, as gold did pop, it promptly as has been the case and will be perhaps into next year turned right back under $1300. and of course the miners are continuing their fall from the high. in case you think i’m some kind of fool or slouch as i wrote you earlier i sold my mining stocks a couple of weeks ago that i bought in late december. my total gain was, and this is the absolute truth, around 200% on 7 positions. i will wait out the big dip headed in gold and not buy again until gold is safely over $1300. for now i will continue to sell oil short.

This person is referring to a post I made yesterday you can find here.

I am happy he sold a trade for a nice gain, but worried that he may have zero gold positions now and is in danger of missing out.

I feel he emailed me in anger, because I posted yesterday that gold is in a bull market and that I am holding my positions and refusing to sell them.

I do not think he is a fool though.

Unfortunately, what he is doing is simply typical at the start of a bull market when very few people believe it is real and the only people really buying are big insiders and people like George Soros.

Stock market small fries tend to simply chase moves AFTER they happen and believe what they saw in the past few years is going to continue forever.

There is a simple solution to their mistakes and that is proper money management.

This guy is missing the entire point of the post though I made so I am going to repeat it.

I wasn’t really trying to predict the short-term moves at all in it!

The point I was trying to make was that it is pretty much impossible to act on daily gyrations in gold and jump in and out and expect to hit each trade perfectly.

This will lead one to eventually making a mistake and losing their long position only to see gold go up without them.

It’s just impossible to predict things perfectly on the short-term over and over again.

So going into this week I did not think gold was going to go above $1,300 and then it did.

I thought it might pullback to $1,250 before really going up.

But it didn’t.

Then it went up above $1,300 the other day and then went down yesterday.

This didn’t matter to me, because I am simply riding nice core positions even though it freaked out many and emboldened those mistakenly bearish on gold.

So I got a dozen emails from people predicting a gold crash in the past 48-hours.

Martin Armstrong made a crazy post saying it topped and suggesting it was now going to collapse.

He claimed that George Soros may have even sold his gold and fooled people in a manipulation in a post he titled Gold Crashing.

I mention him because the gold bears I get emails from almost all of them follow him and hang on to his every word.

And this person emailing me is expecting this big gold dip that may never come.

What people need to do is own a core position in gold and mining stocks in order to profit from this new bull market that is big enough for them to make good money and small enough that they won’t be so scared of every daily up and down move in gold that they sell out in fear.

If you do that you can make a killing in gold.

If you trade in and out of gold you most likely will not do that well.

And if you try to play DUST you will likely end up destroying yourself.

So my suggestion to this email guy and to you is to use a core position in gold and mining stocks to profit from this bull market and just ignore people who keep calling for gold crashes over and over again and to stop trying to time gold perfectly, because it is impossible.

Ok if you have been jumping in and out of gold perfectly all year you can discount what I am saying. In fact email me, because I know of NO ONE who has done that.

And if you have been trying to do this and failing at it then STOP!

And if you are a gambling addict who simply craves the trading action and cannot stop trading own a core position and do your trading around that for fun.