astral, 2 posts on Seeking Alpha today Klearly delineate duh Religious War that is precious metal investing
1 of them "Record Physical Demand Will Begin New Gold Investment Cycle"
lmao. these religious maniaKs read miraKles into everything. Wow! Gold prices fell 30% so duh True Believers are loading up on duh stuff. Wow! BIG surprise. Earth to True Believers ... the price of an asset is not determined by Duh True Believers ... aka "in a bear marKet, duh asset returns to duh hands of Duh True Believers ... and it is still a bear marKet".
lmao^2, duh Klown who wrote that says he is a K-K-Kemist AND an Austrian EKonomist. YiKes. This poor guy may well be BOTH jad & eKK. jad. eKK. fess up. U 2 duh same 1?
I can't even bear to go and look. I had no idea whether gold was going up or down from 1700, and neither did anyone whose idea of "fundamentals" was a spreadsheet with the single word "Obama" in 90-point type.
The disease goes even deeper than betting their politics. These people have prospered their entire lives by trying to figure out what Authority is telling them, and then trying as hard as they can to believe whatever that is. It works in school or in most organizations & professions. Unfortunately it's lmao as a way to invest, is the only problem.
yup. On the other hand, there's $$ to be gathered playing against them. Look at the 5 year for RGR... .. that is, since Obama started running in the primaries.
It was a real validation of my world view when clients got called out @ 35 on a $6 basis before divs. "I find Authority always wins...." :-)