Emotional Investor
10-29

Oh wait, just a sec, so the bull run of gold is over? Hmm, last week there was an article in here from a credible source I thought, Goldman maybe, can't be certain. I read so much crap daily it's hard to recall, but whoever it was, predicted gold was going to $5000. And now it's Going to $3,800? According to this post I'm responding too.

How can we possibly be successful investors in this current environment when everyone has an option and yet nobody is accountable for their opinions, cause obviously it's NOT investment advice, and yet it is.

How does the average investor move forward and make money in this environment of stupidity and no accountability? Well, I have figured something out actually. would you like to know more?

It's quite easy actually, but I requires a considerable amount of effort. I know a few things about gold, but I don't know everything about gold. I find it fascinating that in Under a week, predictions can be it's going up over $1000 an ounce or dropping $200. Question, what skin do the people have in this gold game, and to be frank do I care.

Actually full disclosure I did buy into a gold mining company earlier this year, but it wasn't based on speculation on the price of gold, it was based on the past track record Of the people involved. $Santana Minerals Ltd(SMI.AU)$. It's up around 50% but it's such a tiny part of my portfolio that the profits are negligible. 

But I see it doing fantastic in five years plus, no hurry I will accumulate and learn more.

But now to the point, quite a few stocks I buy, I don't know enough about them. But a few... I know everything. Absolutely everything. So when I read or watch anything about those stocks, I know if the people writing about them have a clue or are idiots. 

you can't hope to know everything about everything. But you can strive to know as much as you can a few things. Find a few stocks that you get in depth, that what I do

@Tiger Q @Tiger_SG @TigerTrade @TigerWire @MojoStellar @Tiger_SG 

25bps Rate Cut! Will Market Fresh New Highs Ahead of China–US Summit?
The Federal Reserve cut interest rates by 25 basis points as expected and announced the end of quantitative tightening (QT). Powell stated that a rate cut in December is by no means a done deal. Trump tweets that "a great trip" in Asia. This week, the US stock market hit new highs with Nvidia offering super boost. Meanwhile, gold also rebounds back to $4000. ---------- Will the market rally together with gold? Is gold bull market back and pullback ending? What's your view at this point?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • cheezi
    10-29
    cheezi
    It's great that you've found a strategy that works for you
  • Astrid Stephen
    10-29
    Astrid Stephen
    Gold noise is useless.
  • Reg Ford
    10-29
    Reg Ford
    Ugh, gold's chaos kills!
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