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Gold Is Not in a Bull Market
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<p>[QUOTE="Cloudsweeper99, post: 735822, member: 3011"]That's a tough question to answer. Everyone has to decide for themselves. I suspect that people have forgone more potential profits by selling assets too early in a bull market than they have made from their actual sales. For example, you may recall Greenspan's comment about "irrational exuberance." But he made the statement on December 5, 1996 when the NASDAQ had just gone on a run from something like 325 to about 900 and it was widely thought to be too high. Well, the Nasdaq proceeded to continue to rise to over 5,000 before it crashed. Bull markets typically last longer and move higher than anyone could imagine beforehand. I don't think the current bull market in gold will be any different. I expect it to move much higher -- and end badly for those who stay too long.</p><p><br /></p><p>If it was easy, we'd all be rich already.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 735822, member: 3011"]That's a tough question to answer. Everyone has to decide for themselves. I suspect that people have forgone more potential profits by selling assets too early in a bull market than they have made from their actual sales. For example, you may recall Greenspan's comment about "irrational exuberance." But he made the statement on December 5, 1996 when the NASDAQ had just gone on a run from something like 325 to about 900 and it was widely thought to be too high. Well, the Nasdaq proceeded to continue to rise to over 5,000 before it crashed. Bull markets typically last longer and move higher than anyone could imagine beforehand. I don't think the current bull market in gold will be any different. I expect it to move much higher -- and end badly for those who stay too long. If it was easy, we'd all be rich already.[/QUOTE]
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