RE: RE: RE: RE: RE: I'd wait to buy. "I'm basing it on facts of the past."
JPV5 You are just watching charts from the past and trying to make some case that this will continue to hold for the future. If it only were that easy. You are forgetting the fundamentals. Mass money printing. JPM et al apparently losing control of the metals market. You might not get that "obvious" correction you and millions of others are expecting. Sure it will correct, but from where. Your next buy the dip on VG might be $1.20 down from a $1.65.
Also, when I was buying gold at $900, I had no crystal ball that told me it was going to drop. I also didn't know $700 was close to the bottom. I was buying on fundamentals alone, knowing that the printing presses will take care of the gold price eventually. It looks like I was right. I was never fearful of the market crash since the fundamentals were guiding my purchases. I bought silver from $18 all the way down to $9. I looked at the opportunity as a gift. If someone is foolish enough to gift me some shares of VG at 0.35, I will thankfully add it to my current position.