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<p>[QUOTE="Cloudsweeper99, post: 1271891, member: 3011"]Here is my guess [nobody knows for certain]...</p><p><br /></p><p>Markets generally seem to do whatever it takes to lose the most money for the most people over time. This happened in the late 90s when the tech stock bubble "trained" investors to buy the dips. And this worked very well right up until the day when it stopped working. And all of those trained to buy the dips poured money into a sinking NASDAQ market. Many were wiped out. Fast forward until today. The latest gold drop will be seen by many as a repeat of 2008 when gold fell and recovered strongly. They will probably be proved correct. The market is teaching gold investors to buy the dips and not to sell. This will be a very profitable approach and everyone will be very pleased with their astute investing by not panicing with the crowd. Then, maybe next time or the time after that, gold will plunge again. People will hold on and buy more, and prices will continue to drop all the way back to the cost of production -- and stay there for years. That's how I see this movie playing out and ending. It's a tragedy, not a comedy.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 1271891, member: 3011"]Here is my guess [nobody knows for certain]... Markets generally seem to do whatever it takes to lose the most money for the most people over time. This happened in the late 90s when the tech stock bubble "trained" investors to buy the dips. And this worked very well right up until the day when it stopped working. And all of those trained to buy the dips poured money into a sinking NASDAQ market. Many were wiped out. Fast forward until today. The latest gold drop will be seen by many as a repeat of 2008 when gold fell and recovered strongly. They will probably be proved correct. The market is teaching gold investors to buy the dips and not to sell. This will be a very profitable approach and everyone will be very pleased with their astute investing by not panicing with the crowd. Then, maybe next time or the time after that, gold will plunge again. People will hold on and buy more, and prices will continue to drop all the way back to the cost of production -- and stay there for years. That's how I see this movie playing out and ending. It's a tragedy, not a comedy.[/QUOTE]
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