http://www.coinnews.net/2010/02/02/gold-surges-32-in-two-day-rally-silver-advances/ CoinNews delivers breaking coin news, unique coin articles, coin news videos and free numismatic services for new and experienced coin collectors. Mon, 13 Feb 2012 22:25:46 +0000 hourly 1 http://www.coinnews.net/2010/02/02/gold-surges-32-in-two-day-rally-silver-advances/comment-page-1/#comment-16716 John Epperson Wed, 03 Feb 2010 01:32:39 +0000 http://www.coinnews.net/?p=2554#comment-16716 I love reading Jon's inside insights concerningthe gold market. He is a very courteous fellow and an all-arround gentleman. However, he is generally pretty negative and bearish on PMs especially gold all the time. Today's comments mirror those he made during gold's rise to $1226. Face it, any perma-bear or perma-bull will be right halft the time. Unfortunately, when it comes to gold a decade long bull market has made monkeys out of some commentators. It's as if they are personally attached to gold's downturn so they can finally say- See, I was right. Look at the stochastics on the USD and you'll find it was "overbought". Thus, it will come down until it's oversold and the cycle continues. Buy at the bottom and go long then short at the top. Works every time.. year in and year out. Personally, I love the volatility as it means more buying and selling opportunities. But Jon knows this as I mentioned it to him in my last correspondence with him. In fact, I still hold gold over at Kitco and when the time is right I'll take profits and wait for another bottom. Remember the old saying "the trend is your friend". As for Bruins, its difficult to shake the bear out of them. I love reading Jon’s inside insights concerningthe gold market. He is a very courteous fellow and an all-arround gentleman. However, he is generally pretty negative and bearish on PMs especially gold all the time. Today’s comments mirror those he made during gold’s rise to $1226. Face it, any perma-bear or perma-bull will be right halft the time. Unfortunately, when it comes to gold a decade long bull market has made monkeys out of some commentators. It’s as if they are personally attached to gold’s downturn so they can finally say- See, I was right. Look at the stochastics on the USD and you’ll find it was “overbought”. Thus, it will come down until it’s oversold and the cycle continues. Buy at the bottom and go long then short at the top. Works every time.. year in and year out. Personally, I love the volatility as it means more buying and selling opportunities. But Jon knows this as I mentioned it to him in my last correspondence with him. In fact, I still hold gold over at Kitco and when the time is right I’ll take profits and wait for another bottom. Remember the old saying “the trend is your friend”. As for Bruins, its difficult to shake the bear out of them.

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