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<p>[QUOTE=&quot;Brett_in_Sacto, post: 2276315, member: 71510&quot;]Yes Victor.&nbsp; You posted your strategy in a public forum.&nbsp; We *all* know your strategy now.&nbsp; Don&#039;t get so defensive!&nbsp; <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p><br /></p><p>There are plenty of others that *are* selling now.&nbsp; Trying to re-coup investment to pay off debtors, miners that are able to squeak out a small profit, and investors that have lost love for metals.&nbsp; </p><p><br /></p><p>It&#039;s the short term speculator&#039;s de facto answer.&nbsp; &quot;I am waiting for prices to rise so I can sell.&quot;&nbsp; I see tons of people speculating with money they really don&#039;t have to burn trying this strategy thinking that gold is going to &quot;pop&quot; after some single event like the one in France.&nbsp; At which point they will &quot;unload&quot; and make massive profits.&nbsp; Unfortunately they will sell into a flooded market which will keep the supply plentiful and demand low resulting in price stability.</p><p><br /></p><p>That means there&#039;s ample supply as prices rise to quell the market and sustain current price points without seeing an increase.&nbsp; Plenty of supply as demand starts to increase = price stability.</p><p><br /></p><p>Add to that the people that really can&#039;t afford to hold the PM or have to sell and you have the ability to buy &quot;under spot&quot; which is what most places are doing - buying at 20% under spot (cash for gold).</p><p><br /></p><p>The truth is that I&#039;m a long term buyer.&nbsp; I have been buying the dips for the last few years and reducing my DCA when I find deals.</p><p><br /></p><p>Sure, if gold popped to $1500 an ounce I&#039;d sell off a small portion and leverage some cash - but I don&#039;t plan to sell anything until closer to retirement - when I will start to time the market and look for an exit point.&nbsp; That&#039;s in 20 years.</p><p><br /></p><p>I still believe we are going to see turmoil and instability through the next year&#039;s election and depending on the outcome there will be a big turn in investment strategy.&nbsp; But it will be the pivot point for a new direction - it won&#039;t peak the new direction.</p><p><br /></p><p>Gold&#039;s a slow mover historically - a hedge against the faster markets.&nbsp; Caveat Emptor![/QUOTE]</p><p><br /></p>

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