The Writings Of Many Gold Writers Read Like Scams
The writings of many gold writers read like scams. Some of the gold clowns and con artists are basically saying that you "can't lose" (professionals focus on risk, amateurs (most gold writers) focus on reward) with gold, and, that you "must" buy gold now (or hold on to what you have) to "protect yourself." The US is "falling apart," "is going down the drain," and, the US Dollar is going "down the toilet" according to some gold writers.
Since gold's primary Secular Bull Market uptrend line is at $500ish right now, see chart 2 at http://www.joefrocks.com/GoldStockCharts.html, gold is obviously very untimely/risky from a long term investor's point of view. Charts don't lie, scam artists try to make a living from it.
By the way, gold did have an 18-20 month Cyclical Bear Market in the mid 1970s. Cyclical Bears happen within Secular Bulls.
....... http://www.JoeFRocks.com/ .
Since gold's primary Secular Bull Market uptrend line is at $500ish right now, see chart 2 at http://www.joefrocks.com/GoldStockCharts.html, gold is obviously very untimely/risky from a long term investor's point of view. Charts don't lie, scam artists try to make a living from it.
By the way, gold did have an 18-20 month Cyclical Bear Market in the mid 1970s. Cyclical Bears happen within Secular Bulls.
....... http://www.JoeFRocks.com/ .
Labels: Gold, Gold Stocks, HUI, NEM, Silver, Silver Stocks, XAU
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