I love all these mugs that think 1-2 months is a long time in the markets. You know the sort of guys that forecast the long term trend off what happened today or the the last few days.....
The really big money in the markets has and always will be made with people with a multiyear view, hence gates and buffet have made billions by basically sitting on their core holdings and letting them fluctuate.
Most idiots view the game as day to day and boast like fools when they manage to make a few points here and there. They also think that others must really be 'hurting' when a mkt moves against them by 5-10%.
Have gold bulls taken a little beating in the last few months, yes.
Do the ones that started buying 3-4 years ago care? No, why, because a) they've already got tremendous gains and b) a lot of them have taken a multi-year view and realise that in that sector stocks will often fluctuate wildly.
Of course the other advantage about taking a long term view is that you can do many other things in business and not worry about some dickhead story like the plane in DC last week or start jumping up and down and frothing at the mouth before non-farms etc.
Got to rush, Dollar/Yen has just broken a 5 min trendline AND the 3 min MACD looks like turning.
OH MY GOD THINGS ARE GOING CRAZY RIGHT NOW!!!!!!!!!
The really big money in the markets has and always will be made with people with a multiyear view, hence gates and buffet have made billions by basically sitting on their core holdings and letting them fluctuate.
Most idiots view the game as day to day and boast like fools when they manage to make a few points here and there. They also think that others must really be 'hurting' when a mkt moves against them by 5-10%.
Have gold bulls taken a little beating in the last few months, yes.
Do the ones that started buying 3-4 years ago care? No, why, because a) they've already got tremendous gains and b) a lot of them have taken a multi-year view and realise that in that sector stocks will often fluctuate wildly.
Of course the other advantage about taking a long term view is that you can do many other things in business and not worry about some dickhead story like the plane in DC last week or start jumping up and down and frothing at the mouth before non-farms etc.
Got to rush, Dollar/Yen has just broken a 5 min trendline AND the 3 min MACD looks like turning.
OH MY GOD THINGS ARE GOING CRAZY RIGHT NOW!!!!!!!!!
