GREY:COLUF - Post by User
Post by
dannblackon May 23, 2010 10:17am
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Post# 17125173
Thoughts for the Day--Sinclair
Thoughts for the Day--Sinclair
This applies on so many levels for so many different types of investors. Sorry if this has already been posted.
In The News Today
Posted: May 21 2010 By: Jim Sinclair Post Edited: May 21, 2010 at 4:28 pm
Filed under: In The News
Quote Of The Day
"Price is often the domain of panic. Time, however, is always the domain of profit."
–CIGA Eric
Jim Sinclair’s Commentary
Government statistics are showing no inflation, yet if you take the kids see the new Shrek movie it will cost you $20 per person, popcorn not included.
Every time gold has a reaction the Prechterites come popping out. This has been the case since $248 and once again confirms the intact long term bull market in the royal metal.
It is the inflation/deflation argument that goes on when glib thinking is in control.
God help us when they turn bullish.
Thoughts For The Day
1. Financial salvation cannot be achieved by the faint of heart.
2. Since not looking at the prices has been a successful strategy in Gold (over $1000 profit since we started) why do you continue to torture yourself and your emotions by computer screen paralysis?
3. Those of you that consider yourself scalpers and traders also have to consider yourself smarter than quants, algorithms, flash trading systems and Goldman. That is one hell of a reach.
4. If you are a confirmed speculator/gambler why not pick on Google and leave the gold shares alone?
5. What makes you think that you will be long on payday if you use TA for meaningless and temporary tops?