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<p>[QUOTE="Rono, post: 1150423, member: 6492"]Howdy all,</p><p> </p><p>Always enjoy Marc Faber. What's curious is that I've never read or listened to an interview of him where he wasn't bullish on something. It may not be your Aunt Emma's apple pie, but he's always got a Long play. If you want to talk doom and gloom look up Fleck' or Tice. They'll have you blowing chunks.</p><p> </p><p>Have to agree with Inflexion that while we might be looking at a correction, don't even think about trying to anticipate it. Never, ever, ever, anticipate a trend reverseal. WAIT until the trend actually DOES reverse to make any moves. Set yourself a 10% mental stop loss point from not. What. Gold's at 1475 so 10% would be a correction back to 1330 and silver to 36 from 40. Now IFF a correction occurs AND it violates these stop loss points THEN you start exiting your PAPER position. [and while you may be exiting your paper metals, you're buying phsyical on sale 'til it hurts].</p><p> </p><p>peace,</p><p> </p><p>rono[/QUOTE]</p><p><br /></p>
[QUOTE="Rono, post: 1150423, member: 6492"]Howdy all, Always enjoy Marc Faber. What's curious is that I've never read or listened to an interview of him where he wasn't bullish on something. It may not be your Aunt Emma's apple pie, but he's always got a Long play. If you want to talk doom and gloom look up Fleck' or Tice. They'll have you blowing chunks. Have to agree with Inflexion that while we might be looking at a correction, don't even think about trying to anticipate it. Never, ever, ever, anticipate a trend reverseal. WAIT until the trend actually DOES reverse to make any moves. Set yourself a 10% mental stop loss point from not. What. Gold's at 1475 so 10% would be a correction back to 1330 and silver to 36 from 40. Now IFF a correction occurs AND it violates these stop loss points THEN you start exiting your PAPER position. [and while you may be exiting your paper metals, you're buying phsyical on sale 'til it hurts]. peace, rono[/QUOTE]
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