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FINALLY a quasi-sane article about precious metals. An actual thesis supported by data accompanied by a decent explanation. No conspiracy theories and no survivalist rants.
Sep 09 22:50 pm
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All Comments by Chris B »Metals Manipulation - Or Simply Deleveraging? [View article]
Of course, having a sense that something bad is about to happen is nothing more than an emotional reason to purchase an investment, an approach I disagree with. Although the author repeats the stock market advice to buy on fear and sell on greed, in the case of gold perhaps it is better to sell on fear and buy on greed (in the total market) because the asset classes are negatively correlated.
Oh, and we can all do without the fluff about how the author was right on three separate occasions. Guru worship is perhaps the only worse investment strategy than trading on emotion. He could just as easily be wrong THIS time. If he didn't liquidate all his PM's at the peak, he was at least wrong there.