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Gold Fever : a True Story — 8 Comments

  1. Ah, yes, the challenge of hitting the sell button. A good story, Fully, and one I share with you. Perhaps not as wild a ride, but darn close to it. This time it really is different as I don’t hesitate to hit that “get rid of it” button. I’ve only waited 6 years for this train to come back to the station, and will get right, sit tight, and then SELL.

  2. The line a gold mine is a hole in the ground with a liar standing on top of it actually is attributed to Mark Twain, quite some time ago. When you say we are there again are you saying we are destined to drop now to lower lows?

    We will let the markets speak and go by what they say, however my “opinion” is gold is in a secular bull market. It started in 2001 and the decline from 2011- Dec 2015 was a cyclical decline within the context of the secular bull. Now we will have to let the market confirm this opinion, but that is what the context of other market factors signals me.

    Oh, by the way you mention above that you “sold you wife and kids” I would guess its more accurate to say you paid for them a second time in the divorce.

  3. Me too on the Armstrong. I like Marin and have been reading him for 10 years now since he was deep in the hole putting out hand written missives, but as far as trading I find him mainly an distraction. I can think of no one who has made anything going with these nebulous concepts. Let’s stick to Rambus’ charts and Weinstein principles

  4. Spock,
    A friend was divorced in the 2003/4 time frame and only had $100K left to his name. I suppose he found someone to invest the money and it was shoved into penny gold and silver stocks as a hail Mary/whos gives a sht at this point trade.

    I don’t exactly when but in the 2006 -7 time frame he told me 100K turned into $2.5 million. A great retirement. His guy did sell him out and did not get greedy. So those of us who have not experienced this are in for a real treat.

    Great work! I look forward to seeing this correction unfold.

  5. Can’t believe I’ve been a SpockM member for a month, and just now saw this “must read” post. Thanks for sharing Fully and Rambus, and everyone else who commented!
    p.s. I can relate to the pain of divorce… mine happened in 1998. Came out of it basically broke. Had to do a bankruptcy filing that same year, so double-wammy
    divorce and BK within a few months of each other. Been a long slow climb back up from that hole, both financially and emotionally, but in a good place now

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