RE: Extract advice from Gold World...Well I would not call those calls anything brilliant Ricky, although they may be enlightening to you. If so great.
Uh gold may go down to $800 range? I think we have seen that over the last few days, no? Uh gold may spike up a few times in 2009? Is that something folks do not expect?
How can these be far from wrong? Gold already has been pulling back to $800 range, and EVERYONE expects it to trend up, which it may or may not do, but hardly would surprise many. Hey maybe it goes down to $700 and maybe it goes up to $1000+ Point is, so what? You seem to think this is prophetic stuff. I find it average and fits the consensus at this time. The more important point is that nobody seems able to say when, how fast, and be very accurate or consistent. You can find somebody for whatever you want to believe. I am in the bullish camp, but certainly will not be surprised by pull backs, spikes of substantial size. But there is ALSO the chance that gold climbs and sustains much higher prices. Nothing you say, guarantees anything, or even indicates a reason for its happening.
You want more predictions: Non consensus: one well known guy thinks gold could drop to $300, while another thinks it goes to $2500 - both say in 2009. I know one thing, they are either wrong or right. LOL
Folks should do whatever they think appropriate to their situations, their risk tolerance, their belief in this or that investment philosophy. There is NOT one size fits all here.
The difference it would seem between you and I for example, is that you seem to think there is, and I do not. You think that those who do not follow your way of thinking are going to be proved wrong, and it will mean something. Just to clue you in, it will not mean dick either way.
If there is one thing folks should be seeing CLEARLY now, and if not, they should step back a year or two, is that NOBODY it seems has been consistently right, no matter what their theories, explanations, wishes or whatever. It has nothing to do with not meaning well, it has to do with the unpredictability of markets short term, yes Ricky, IN MY OPINIION. The most accurate predictions I have seen going back and reviewing, remain the longer term forcasts: for example Jim Rogers has been very accurate if you check out his forcasts going back a number of years.
And what does he say? He says, he can't possibly predict the short term, although he does try, and has been terrible at it, but that his longer term forcasts have been very good.
I welcome your comments, but I do still see an ego issue, a need to be right, and even confirmation at times upon YOUR request.
Meanwhile: HRG its doing what one would expect. Yes folks it really is. It is volatile, has swings of a few cents up and down of late, which represent fair percentage moves for some. And they can trade on those if they like.
New management and changes, just a few weeks old. Gold pulls back a bit. Some take profits, while MOST just sit on their positions, as the volumes indicate. Some here, waiting for the big spike, others looking longer term, while still others are waiting, hoping for another cheaper buy in point. Maybe they all get their wish. Who knows, certainly nobody on this board it would appear.
For some of us, with large positions, we are into a hold period, and we will do that, while others can trade in and out for smaller amounts. No problem for me, it makes a market, which we need.
Todays forecast: Gold could go to $825 or higher, or 810 or lower, and HRG might go up or down. You heard it here first. My chart says that makes both either a buy, sell or hold. roflmao