gunDriller
2nd July 2013, 06:21 PM
What the Fuck, Barbecue.
"Gold is "extremely oversold" on a variety of indicators including long-term momentum indicators.
Gold appears to be close to a bottom and there is major support between $1,000/oz and $1,200/oz. Further weakness is possible and buyers should wait for a higher weekly close before dollar, pound and euro cost averaging their physical accumulation."
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?
Who is this guy working for, the Central Banks that want to accumulate Gold now ?
from Bloomberg, via Harvey Organ. from his July 2 article.
The only URL I Have is Harvey's, but he is not advocating this investing philosophy.
http://harveyorgan.blogspot.com/
I think Harvey does a great job. His day job is Pharmacist, but somehow he manages to write the daily article.
But investor 'journalists' have some
WIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII IIIIIIIIIIEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE EEEERRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRDDDDDDDDDDDDD Dd
= Wierd investing philosophies.
If you wait for a higher weekly close then you are ... paying more per ounce, right ?
What is the thinking ? That your money is better off deployed elsewhere, in a market where prices are rising ? I suppose there is a small amount of logic in that.
But ... if you are thinking about buying Gold or Silver ... what investing philosophy would lead you to not buy at the lower price ?
I think it has something to do with "Chasing Momentum", which has something to do with Impatience as a core attribute of the investing practice.
Which I think is B u L L s h i t.
I think Get Rich Quick Schemes, including the "Chasing Momentum" investing philosophy, areB u L L s h i t.
Of course, there are exceptions, someone was pointing out the hearing loss from iPod over-use and the growing market for hearing aids, yes, that might be a good place to start a company.
But that's not a Get Rich Quick Scheme, that is an idea for a business. :)
I just saw this thing on Harvey's Tuesday article, and I had a major WTFBBQ reaction.
It makes me wonder, are there any general financial news websites that show some sense ? I guess, Zero Hedge is the only one I can think of right this second.
"Gold is "extremely oversold" on a variety of indicators including long-term momentum indicators.
Gold appears to be close to a bottom and there is major support between $1,000/oz and $1,200/oz. Further weakness is possible and buyers should wait for a higher weekly close before dollar, pound and euro cost averaging their physical accumulation."
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?
Who is this guy working for, the Central Banks that want to accumulate Gold now ?
from Bloomberg, via Harvey Organ. from his July 2 article.
The only URL I Have is Harvey's, but he is not advocating this investing philosophy.
http://harveyorgan.blogspot.com/
I think Harvey does a great job. His day job is Pharmacist, but somehow he manages to write the daily article.
But investor 'journalists' have some
WIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII IIIIIIIIIIEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE EEEERRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRDDDDDDDDDDDDD Dd
= Wierd investing philosophies.
If you wait for a higher weekly close then you are ... paying more per ounce, right ?
What is the thinking ? That your money is better off deployed elsewhere, in a market where prices are rising ? I suppose there is a small amount of logic in that.
But ... if you are thinking about buying Gold or Silver ... what investing philosophy would lead you to not buy at the lower price ?
I think it has something to do with "Chasing Momentum", which has something to do with Impatience as a core attribute of the investing practice.
Which I think is B u L L s h i t.
I think Get Rich Quick Schemes, including the "Chasing Momentum" investing philosophy, areB u L L s h i t.
Of course, there are exceptions, someone was pointing out the hearing loss from iPod over-use and the growing market for hearing aids, yes, that might be a good place to start a company.
But that's not a Get Rich Quick Scheme, that is an idea for a business. :)
I just saw this thing on Harvey's Tuesday article, and I had a major WTFBBQ reaction.
It makes me wonder, are there any general financial news websites that show some sense ? I guess, Zero Hedge is the only one I can think of right this second.