[QUOTE]=SubCmdr;2989663]Still waiting![/QUOTE]I'll just repeat what I said a week ago!
[QUOTE]Hope the gold market continues to be profitable for you! I see it's down a bit since we last talked![/QUOTE]If you are a knowledgeable active trader, you should know that a a rise or a fall in price is an equal opportunity to make money. Buy long, sell short!
If you are a gold accumulator you have to be prepared to weather some major years-long corrections which ties up your capital, when it could be put to more profitable use, like real estate or equities, or even paying of high interest loans, mortgages and credit cards. The #billionaires can do both! LOL.
If you are cheering a rise in prices I can only assume you are a holder at the moment.
Nobody can predict the price of gold, at any one point, and because it is actually less than zero sum game, after commissions, handling fees, exchange rates, and no interest, only your friendly mamasan Financial Advisor / Fund Administrators, are guaranteed to make money.
With gold right now, close to an all time high!, Mr Buffett of Berkshire Hathaway fame, might consider you to be very vulnerable, according to his mantra sell high, (when the taxi driver, barbers and ISG mongers are buying) and the [B]greed[/B] quotient is high, and buy low (when the next inevitable bloodbath occurs) mantra, the [B] fear[/B]and the pigs get slaughtered. Only the $billionaise can weather the financial upheavals.
Hope this helps!
