Are You Still Kicking Yourself?

Those intent on classifying investment world into emotional states have lost the “the game” before it starts. Gold, silver, real estate, stocks, bonds, neither the pessimist’s nor optimist’s best friend, are investment choices directed by market forces. There is no long or short side of the trade – only the right side.

Market forces have been pushing gold and silver for more than a decade. Media spin, a tool of the operators, will use labels to slow group recognition. The weak hands unable to find the right side are always kicking themselves while they fight emotional labels.

The operators will begin to unload when the pool of investors still kicking themselves starts drying up. There is no profit in something that does not have the liquidity (volume) to support a massive transfer from strong to weak hands.

That’s the nature of the beast in speculation and why wealth tends to get concentrated in this business. The end of the mark up phase for gold is coming. It will occur at levels that will surprise even the bulls.

Headline: Gold: a pessimist's best friend

I'm kicking myself for not buying gold. I have a gold bug friend who has been talking it up for years. I ignored him; I goofed.

Gold jumped 30 percent last year. It has quintupled over the past 10 years, leaving stocks and most other investments in the dust.

Whenever an investment rises that far, a prudent investor will hesitate, wondering if he'd be buying into a bubble that's bound to burst. That might be the case here, but some level-headed investment pros think gold has farther to go.

Source: stltoday.com