OTCPK:PGMFF - Post by User
Comment by
Welchspringon May 30, 2021 12:49pm
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Post# 33294150
RE:Don't Let FOMO Guide You
RE:Don't Let FOMO Guide YouGood clip on the Fed. Thank you for that. Your other post on FOMO can be looked at in many different ways. It's true each investor needs to do there own research and make thier own decision on investing. However, I think we can agree a correction in the market is going to happen but uncertainty of when it will happen no one knows and the certainity of the correction is also a guess as well. We also know that gold prices and gold stocks will be going up as the market volatility increases and likely after a major correction in the market.
Sure you can invest in gold and gold stocks in anticipation that gold prices will increase knowing we are heading into a higher level of market volatility or a correction but I would not be doing this for a long period of time. One week is my max. I could be wrong but I'm playing the market differently in that I have become a day trader or if I feel gold has passed a point of resistance I may jump into a stock for a couple of days or perhaps a week. My style of investing has changed all because the markets have become very volatile. Even with the major gold miners they can drop a 1.25 in a day such as ABX last week. Unfortunately low volume is playing a key role in what happens to a stock during trading in day.
What I do know is that after the market does correct there will be some great opportunities and I do know we will have a steady upward trend in the gold market and we can be assured it will be save to go back to longer periods of investing, particularly in gold stocks.