Greed and Fear Often Replace Objective Discipline

The old idiom look before you leap is often forgotten in the investment world. Humans have a tendency to get emotional when money is involved. This means that greed and fear rather than objective discipline tend to drive public money decision-making.

Investment discipline must study extremes. Investors unable to characterize a trend as warm, hot, or white-hot are likely to make emotional decisions.

Silver and gold are doing their thing, but it is important to stay disciplined.

Silver, London P.M. Fixed (Silver) and Z Scores from Primary Trend: