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Posted 03/20/2008 5:14 pm
"First, you are working under the assumption that 'big guys' have the power to dictate the direction of the market and are all working together."
Quite frankly...I think you're making assumptions about my assumptions
I did not say anything about conspiracy or collusion. Why does an expression of market caution have to be picked apart for some kind of absolute veracity--or overdramaticised? Look--the "big guys" are people who deal in metals on a regular basis, and understand the dynamics of the market. The little guys are like me who buy a few gold/silver coins but cannot possibly fathom the market and predict the direction things are going. People who deal with large volumes of metal have a better chance at knowing market direction--and affecting the trends when they buy or sell--people watch and see what they do. Little guys like me can only hope to profit--or possibly lose from the larger market trends. I suppose that much is obvious.
The gist of my post was to note some market volatility, and express some renewed caution. I've seen this all before and far too often, so if that's a wet blanket, then so be it.
Can anyone say for certain we're past the top--or the rally will continue? No--we simply don't know at all, do we? I'm simply expressing my uncertainty--that's all.
Perhaps I sound a little defensive here, but coming from the Silicon Valley culture where self-proclaimed financial geniuses stumble from one bubble to the next--I've seen it all before, and the current game in metals rings all too familiar. Again--a caveat, not investment advice LOL!
Quite frankly...I think you're making assumptions about my assumptions
I did not say anything about conspiracy or collusion. Why does an expression of market caution have to be picked apart for some kind of absolute veracity--or overdramaticised? Look--the "big guys" are people who deal in metals on a regular basis, and understand the dynamics of the market. The little guys are like me who buy a few gold/silver coins but cannot possibly fathom the market and predict the direction things are going. People who deal with large volumes of metal have a better chance at knowing market direction--and affecting the trends when they buy or sell--people watch and see what they do. Little guys like me can only hope to profit--or possibly lose from the larger market trends. I suppose that much is obvious.The gist of my post was to note some market volatility, and express some renewed caution. I've seen this all before and far too often, so if that's a wet blanket, then so be it.
Can anyone say for certain we're past the top--or the rally will continue? No--we simply don't know at all, do we? I'm simply expressing my uncertainty--that's all.Perhaps I sound a little defensive here, but coming from the Silicon Valley culture where self-proclaimed financial geniuses stumble from one bubble to the next--I've seen it all before, and the current game in metals rings all too familiar. Again--a caveat, not investment advice LOL!
Edited by KurtS
03/20/2008 5:19 pm
03/20/2008 5:19 pm
