When the history books are written about the most explosive bull market in Gold for hundreds of years one point will confound everyone. Why, when prices kept going up was everyone including most of the gold bulls always calling for either a top or lower prices?
Perhaps the main reason is that everyone thinks they’re a ‘trader’ and therefore have the ability to try and catch the up and down swings so maximizing profits
True, there are great profits for those with the skills to do this
But the majority who attempt it will at some stage get left behind, unable to get back on the bull
Consider the latest readings from the Hulbert Gold Newsletter Sentiment Index (HGNSI), which reflects the average gold market exposure among a subset of short-term gold timing newsletters tracked by the Hulbert Financial Digest. As of Thursday's close, the HGNSI stood at 1.8%!
Our advice is simple, the big money will be made by sitting on your mining stocks and/or bullion and doing nothing. It’s hard to do but should pay massive dividends over the next 1-10 years.
Get a quick summary of these posts sent to you every week. We don't spam and are the only people that will send you email. Your Privacy is 100% respected
