The Paradox of Thrift> JDH comment

[sunseeker]

JDH

08/01/08. I commented that you could walk away assured of an 8.16% gain for the year if you did put your portfolio into T-bills (re. your weekly comment).
Richmanch. Commented “But he's not doing that, because than he'd have to change the name of this forum to BUY T BILLS AND GO TO SLEEP.”

We talked about a disciplined approach. Stop losses etc. In all honesty I can say that there have been too many times this year when I thought I knew better, and didn’t adhere to my own advice. On all occasions bar none I would have been better off if I had.

"The market is always right. It may change direction but it's always right. There is only one truth, and that is the tape (refering to the ticker tape)." Jesse Livermore once said.
 
If you put you neck on the block week after week as you do, and stand by those decisions then unlike the rest of us there is no place to hide. You have my up most respect for that. Even legendary investors have taken very big losses, and then gone on to make phenomenal gains.

As you have said your self in a bull market everyone is a genius. Someone also once said “It’s only when the goes out that you find out who’s been swimming naked.” It’s also much easier to swim with the tide rather than against it.

ATB

[Uboat]

JDH – ditto on market sentiment, U’s and cash level.

I expect gold to rise during the Inauguration Euphoria along with the market, as international markets will focus on the stimulus package as inflationary for the dollar.

[maxine]

On checking out Dan's Market Oracle site I found this article on gold.  A little too complicated for me but might interest others.  Just when I thought I was getting the hang of things everything becomes more complicated. I think the gist was that gold continues to be a stellar investment looking its performance against other world currencies as opposed to looking at it from only the US dollar perspective.
http://www.marketoracle.co.uk/Article8150.html

[maxine]

And thanks Sunseeker for your reply on Bullion Vault.

[sunseeker]

Hi Maxine,
You’re welcome.

I had read that article.
There was also this one which is a bit more readable:

http://news.goldseek.com/GoldSeek/1231436253.php

Then there is this Eric Sprott interview:

http://www.theaureport.com/pub/na/2060?utm_source=streamsend&utm_medium=email&utm_content=2376222&utm_campaign=The%20Gold%20Report%20%u2502Eric%20Sprott%3A%20Gold%20-%20The%20Go-To%20Asset

I really recommend signing up for the free “The Gold Report” e mails they are very informative (not only on gold but other metals as well).

ATB.

[Uboat]

Then there is this Eric Sprott interview:

http://www.theaureport.com/pub/na/2060?utm_source=streamsend&utm_medium=email&utm_content=2376222&utm_campaign=The%20Gold%20Report%20%u2502Eric%20Sprott%3A%20Gold%20-%20The%20Go-To%20Asset

good article lead, sunseeker

Surprising to see the original uranium bug, Eric Sprott so heavily in gold: "In my portfolio I have 40% in gold and I think that’s the safest, and probably the most rewarding investment that I could have."

[sunseeker]

Hi Uboat,
A bit late with the reply.
I have been busy sorting some things out before our holiday this coming weekend.
Did you notice the comment on silver?



(Thanks to Bottomfeeder for that posting tip.)

Now also read that a very large amount of silver production comes as a bye-product of base metal mining. Since base metal producers are finding life difficult, cutting back on production, shelving projects etc……That spells shortages to me.

Does anybody else have an opinion?

ATB