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<p>[QUOTE=&quot;Juan Blanco, post: 1606711, member: 41665&quot;]Exactly this - for Paper Investments. I&#039;d argue (as I have) <i>bullion </i>is for a another purpose, altogether different.</p><p><br /></p><p>Perhaps you might re-read <i>Reminiscences of a Stock Operator</i>. <b>Jesse Livermore also carefully avoided selling too soon, preferring to <i>let the market announce the commencement of a downtrend </i>rather than sell short at the top of a rally in anticipation of a reversal.</b> “Never try to sell at the top. It isn’t wise. <b>Sell after a reaction if there is no rally.”</b></p><p><b></b><a href="http://www.gold-speculator.com/clif-droke/41957-jessie-livermore-stock-market.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.gold-speculator.com/clif-droke/41957-jessie-livermore-stock-market.html" rel="nofollow">http://www.gold-speculator.com/clif-droke/41957-jessie-livermore-stock-market.html</a></p><p><br /></p><p>Did Livermore ever speculate on Gold? Or say &#039;Gold acts like stocks&#039; ? Stocks and Gold correlate <i>negatively </i>- was that unknown to him? </p><p>And are you imagining this to be a &quot;US Gold rally&quot; ? Even though US investors have negibile allocations to Gold - according to the recent press.</p><p><br /></p><p>Nah, it&#039;s something else: a VOTE AGAINST THE DOLLAR instead. So how many trillion$ in dodgy Paper might become worth-less to foreign investors (the other 70%) ? What percentage of the physical currency (USD$) is held outside our borders <i>at risk to &#039;Dollar investors&#039;?</i> Are they selling at the top, yet?</p><p><b><br /></b></p><p><b>Best advice for Gold-Bugs from Jesse Livermore is (now) &quot;Sit tight!&quot; </b>Read the book.[/QUOTE]</p><p><br /></p>

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