muses of the moment

February 23, 2009

Gold Market Movement

Filed under: Long term investing, The Financial Crisis — totallygroovygirlfriday @ 5:12 pm

I suggest everyone read Mike’s comments today at goldandsilver.com:

Critical Juncture

Mike, who has written the book, Investing in Gold and Silver, has a very good take on the market for last week and this week.

I, like Mike, trade on large trend movements, not day-to-day trading. Day trading is too much of a headache.

Plenty of optimism for gold and silver markets, if not now, later this year.

The final ideas to take away here is:

We are in a twenty-year bull market in the large wave 3 (trading $700-$3,000). There will be movements within that range. The volitity has been and will reflect the lack of confidence in the overall markets and global economic system. The confidence cycle is hitting a peak late April of this year.

All the market media and market manipulation can not change those two things. Cycles may be delayed, but never avoided.

Are your investments positioned for another down turn in confidence in the market sometime around late April 2009?

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