Loading ...All I can say is nothing goes straight up and nobody can hit the top or bottom perfectly except by luck. If you were in in January 1980 you were a happy camper with several hundred % gains. That’s where I see us now. We just had a heck of a run and have consolidated to a probable low and IMO are ready for another blast off. My personal target is $3600 for the next gold top but not in a straight line, again because nothing goes straight up. But you gotta be in it to win it.
I had an experience with Doug Casey in 1996. I was a newbie goldbug so I bought his premium service for $1800 on the condition if I was not completely satisfied I could get a full refund. 3 months later he had not issued a single recommendation so I sent him a letter requesting a full refund. Within two weeks I had the full refund in the mail. Therefore I consider him to be an honest guy who is doing his best for himself and his subscribers. At the time I did not realize gold was consolidating into a 1999 low, but I was back into the PM’s at that time for an 11 bagger by June 2002, taking my $70,000 portfolio to $780,000. Wish that was the end of that story but I was margined to the hilt and only got out with $200,000 that time. Still not a bad return. LOL!!! You rolls the dice and you takes your chances!! I’m all in…Silverngold