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For the gentleman from Tokyo

Big Al
November 19, 2014

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Discussion
42 Comments
    Nov 19, 2014 19:05 AM

    BOYS ! BUY AND HOLD DOESN’T FLIP FLOP ! BUY !

    STAY CALM…………….the train has left the station….,it is just stopping for fuel.

    Nov 19, 2014 19:14 AM

    There will be unlimited attempts like this or bigger right along the way to 2000, 3000, 4000. We cannot stay in gold if we worry about day to day fluctuation.

      Nov 19, 2014 19:04 PM

      Very true Lawrence. These hits on gold seem to happen weekly. anyone who is investing in gold can not overreact on one day moves.

    Nov 19, 2014 19:26 AM

    This is not investing, nor is it speculation, it is pure gambling.

      Nov 19, 2014 19:39 AM

      Depends on a person’s reason for buying Joseph!

      Nov 19, 2014 19:56 AM

      Investing is gambling; unless you have a crystal ball and know in advance where the price of a stock is heading.

      Nov 19, 2014 19:31 AM

      I prefer investing not gambling. However, someone makes this look like gamling but not me. Gold is the only area to protect us from wealth destruction from inflation so we have to stay even they intervene all the time. Sad but true. Everything is manipulated – Bond, Real estate, gold, stocks.etc.

        Nov 19, 2014 19:39 AM

        I never thought that I was gambling, Lawrence.

    bb
    Nov 19, 2014 19:22 PM

    Of course its pure gambling.
    There are ways to put odds in your favour but its gambling, same as cards or ponys.

      Nov 19, 2014 19:08 PM

      Whether we call it gambling, investing, speculating, etc, that fact is money is on the line and no one knows for sure what tomorrow or a month from now will bring. I find with investing we at least can do our research and have a better shot at protecting our money. Since holding money in banks is not generating any income hopefully we can put it to work in the markets.

        THE word is research…………and DD……….know the investment so, you can teach it.

          Nov 19, 2014 19:53 PM

          The only reason why I say it’s gambling is because we can’t predict the outcome with 100% certainty. Yes you can do DD, TA to have an advantage, but it doesn’t mean you will come on top every time. A professional poker player (or any other professional gambler) does DD on other players as well (how they play, body language, etc). Do they win every hand? No. But they try to gather as much information as possible so they can win more hands than they lose.

            Nov 19, 2014 19:06 PM

            You can’t predict the outcome of a drive to the store with 100% certainty either. Everything we do comes with risks. For me, the odds at the casino are not at all comparable to what I can expect from my actions in the markets.

            Nov 19, 2014 19:09 PM

            You know what they say, life’s a gamble. Matthew, at the end of the day you play with what you’re most comfortable. Some are more comfortable playing poker; for others it’s the markets.

            Nov 19, 2014 19:14 PM

            I have a friend who is a professional Gin Rummy player. He’s been doing it for over 20 years. But he can’t pick a winning stock.

        bb
        Nov 20, 2014 20:14 AM

        Absolutely Cory, that is how you put odds in your favour in the market, theoreticaly of course, there are other considerations, like pot for example, what % did phot go up?
        Just because of its name, or the fertiliser play in Mali?
        IS move there stock drops, French troops move in stock up.
        Information, same as ponys and cards, but that’s what gambling is.
        The word speculation was “coined” only to make people believe there was more to it than that.
        Also, some religions and wives frown on “gambling” so another word was required. lol

    Nov 19, 2014 19:38 PM

    Anyone who “invests” for a capital gain is speculating. Period. The average investor is a gambler because he doesn’t know or care about value (investing) or how to assess potential or unrecognized value (speculating). He buys because “it’s going up” not because the PE is 3.

    Nov 19, 2014 19:49 PM

    I was gone today. Can anyone tell me what happened with the gold price at the end of the day? Doc.

    Nov 19, 2014 19:04 PM

    GDX had reached resistance on the charts.

      Nov 19, 2014 19:51 PM

      Correct.