GOLD BUGS It is well-known that retail investors are the worst market timers, as a recent study by Blackrock clearly indicated. The study showed that while the average equity fund in the U.S. made about 8 per cent over a 30-year period, investors who invested in these funds made only about 2 per cent. How is this possible? It is because retail investors are trying to time the market. They are exuberant at market peaks and buy, and panic stricken at market bottoms, when they sell. Their timing, unfortunately, is upside-down.
You add in high interest rates ,credit card debt and lines of credit and you wonder why this stock is down along with many many others . It happens all the time and folks run for the hills and rich start buying ! It looks i can average down at .08 cents by Friday . BCRNW