RE:RE:RE:RE:Disappointed Investorsbob333666,
Yes, the market is always right in a normal market. But the gold and silver market is extremely distorted, so what would Jesse Livermore do in this situation?
Let's review some more Jesse Livermore wisdom such as the following:
1. “Money is made by sitting, not trading.”
2. “It takes time to make money.”
3. “It was never my thinking that made the big money for me, it always was sitting.”
4. “Nobody can catch all the fluctuations.”
6. “Buy right, sit tight.”
So I am sitting on my Americas Silver stock position and if USAS goes to $2.30 USD, I will be adding at the lows. I haven't changed my long term view on much higher gold and silver prices.
However, my current thinking is that even with the current metal prices, that USAS will be able
to ramp up production enough to lead to significant price appreciation. So, I stand by my call for USAS at $20 USD within a year's time, and I will present the long case for USAS in an upcoming post.
Jesse Livermore sayings...