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<p>[QUOTE="jolumoga, post: 1719709, member: 41780"]Hey man, I have no problem with stock market bulls coming into the bullion forum and giving an optimistic view of the economy and being bearish on precious metals. But I think both sides, the bulls and bears on precious metals, are filtering information based on their biases. What I have come to realize is that the bears in this forum are a bit anxious because they (seem to) have money in the stock market. So it's not like one side is objective and can get on any moral high ground based on temporary movements in the economy or markets. I'm not attacking anyone personally or directing my comments to any specific person; I'm just pointing out that the bias attributed to the precious metals bulls is evident in the bears, particularly when they <u><i>clue</i></u> others in to their personal stake in the stock market. </p><p><br /></p><p>Let me emphasize that so far the bears have been correct, but it's possible for both sides to be correct at different times of the year. I believe if the economy begins to slow down again and precious metals rise, it's likely that the bulls will be pounding their chests again, but they won't be any more enlightened. This is a Fed-driven market right now, and when a group is making gains there will be more dopamine kicking into their brains, a mania if you will, making them think they are really smart. I think we are experiencing a wealth effect due to the rising real estate market. Again, I don't think the Fed can drive the market successfully over the long term, but that's why we have bulls and bears to debate. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="jolumoga, post: 1719709, member: 41780"]Hey man, I have no problem with stock market bulls coming into the bullion forum and giving an optimistic view of the economy and being bearish on precious metals. But I think both sides, the bulls and bears on precious metals, are filtering information based on their biases. What I have come to realize is that the bears in this forum are a bit anxious because they (seem to) have money in the stock market. So it's not like one side is objective and can get on any moral high ground based on temporary movements in the economy or markets. I'm not attacking anyone personally or directing my comments to any specific person; I'm just pointing out that the bias attributed to the precious metals bulls is evident in the bears, particularly when they [U][I]clue[/I][/U] others in to their personal stake in the stock market. Let me emphasize that so far the bears have been correct, but it's possible for both sides to be correct at different times of the year. I believe if the economy begins to slow down again and precious metals rise, it's likely that the bulls will be pounding their chests again, but they won't be any more enlightened. This is a Fed-driven market right now, and when a group is making gains there will be more dopamine kicking into their brains, a mania if you will, making them think they are really smart. I think we are experiencing a wealth effect due to the rising real estate market. Again, I don't think the Fed can drive the market successfully over the long term, but that's why we have bulls and bears to debate. :)[/QUOTE]
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