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Is anybody still buying silver and gold?
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<p>[QUOTE="Cloudsweeper99, post: 1252231, member: 3011"]There are two sides to the story. First, you should definitely pay attention to anecdotal evidence in the gold market. Second, you need to be careful not to overweight it in your decision making. Gartman doesn't have that good a track record, and is probably still behind with his sales a few weeks ago. </p><p><br /></p><p>While some people are waking up to the gold bull market, keep in mind that this is what drives the market higher [and hopefully to incredible heights]. If nobody was buying, it wouldn't go up. I think only a tiny percentage of investors own significant amounts of gold, so hearing about some people buying is a sign that we might be entering the final stage of the bull market, but we aren't at the end yet. The end won't be cab drivers talking about gold. It will be drivers selling their cabs to buy gold.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 1252231, member: 3011"]There are two sides to the story. First, you should definitely pay attention to anecdotal evidence in the gold market. Second, you need to be careful not to overweight it in your decision making. Gartman doesn't have that good a track record, and is probably still behind with his sales a few weeks ago. While some people are waking up to the gold bull market, keep in mind that this is what drives the market higher [and hopefully to incredible heights]. If nobody was buying, it wouldn't go up. I think only a tiny percentage of investors own significant amounts of gold, so hearing about some people buying is a sign that we might be entering the final stage of the bull market, but we aren't at the end yet. The end won't be cab drivers talking about gold. It will be drivers selling their cabs to buy gold.[/QUOTE]
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