Loading ...WARNING TO NEWBIES : GET THE HELL OUT AND STAY THE HELL OUT
COME TO THINK OF IT THIS APPLIES TO MANY ‘SEASONED” “INVESTORS”…AKA GOLD GAMBLERS
This Particular Gold 2020 and Silver 30 Party is OVER !
Silver down to $23 now !
The thousands and thousands of newbies to this sector are getting slaughtered.
This is not just..
“Oh well thats PM’s ,just business as usual”
The kids playing in this sector need to hear this !
Get the hell out of PM markets and Stay the hell Out.
Go back to bitcoin and etherium and tech
This PM Bull Market has been running since 1970 ( long before any of you were born)
And I can assure you that this IS the norm !
You get sucked in ..euphoria…but just when peak euphoria arrives…Bam..You get killed…with no exit strategy .
No One ever sells ( very few) with their huge gains in tact.
Most hold on until maximum pain then sell the bottom
Get out Now ! and Stay out …You are road kill
Gold permabulls send emails to your inbox spinning stories like Comex default..get rich quick…to the moon ..100 baggers !
There will be No Comex default ( ever)
This Bullshit has been offered for decades…decades…look it up
Comex default…The perma gold bulls are screaming all the time…with 100 reasons they are right this time..
never happened and never will…
…the only default is YOU on margin..getting wiped out .
In the 50 years this bull has been going I can assure you than not 1 in 50 gold “investors” ( crack addicts) have made any money net net
Indeed many “seasoned” gold permabulls have lost it all …I am talking insolvency !
I know many personal stories of rags to Riches to Financial ruin because Gold Investing is an addiction
Very very few keep their windfall profits .
There will be rallies…and more euphoria but YOU need to quit Now…
Go join Goldaholics Annonymous …if you can find one….but it’s probably too late…it’s a disease
I am serious here.
WE HAVE SOME OF THE BEST OF THE BEST GOLD MINDS HERE AT THE TENT AND MOST OF THEM ‘ US DID NOT SELL NEARLY “ENOUGH” EVEN THOUGH WE KNEW THIS WAS COMMING..FEAR OF MISSING OUT IS PART OF THIS DISEASE TOO .
SOME REALLY REALLY SMART GUYS GOT OUT A WHILE BACK AND WERE WAITING FOR THIS AND THEY BOUGHT THE OPEN…BAM UNDERWATER TOO!
sheesh
PS One Guy Knows when to Sell ( see post above)…and you need to get a subscription if you want to continue to play in this sand box
Fully go read about the Battle of the Bulge and how it played out. This is Fiat’s battle of the bulge.
Thanks JS…That’s a good analogy but beside my point.
Of course I believe this is “just a correction”
It’s a kick in the gnads for you and I…but it’s financial life and death for a whole lot of guys who have no clue how this PM markets plays.
But Fully, do you think these newbies even read your forum?
Back in 2010, when I first told a work colleague about 321gold.com, he thought I’d lost it.
This party is far from over.
Those bulls who could withstand the mid-March gut check, this correction is nothing for them!
Also when SurfCity cycle readers say they sold, do they sell all their PM positions and have no PM shares left? Or they sold only their trading positions?
Thats an individual decision…but whatever they sold they were happy they sold it
You are probably right…not many kids read here but the point remains…unless you are in love with this sector…stay out
Surf sell all positions and buys back on a confirmed resumption of the trend