Too many posts.... I know... but I like to share with you all when I "think" about something that has bearing on this thread.
The old saying "pigs get fat - hogs get slaughtered" must be thought about as we watch Gold and Silver get absolutely pounded here!
When it (gold) was at $1800 --- all the talk was about it going to $2000! When people start talking about stuff like that --- and predicting it --- that should signal a "top" in the price. That my friends is a sure fired signal to SELL.
Once again it's the old (my truism) --- when the grocery store clerk is telling you about their investment in Gold/Silver..... SELLLLLLLLLLLLLLL
Apple (AAPL) is another one that comes to mind -- at $600 -- all the talking heads came on TV and pronounced $1000 was the next stop... it promptly (relatively speaking) dropped to $400...
Once EVERYONE is convinced that something is going to go bananas.... Pay attention to that and RUN AWAY with your hair on fire. These types of predictions rarely come true - and more often they signal a top is near. Yeah - something might go up for awhile after everyone is convinced -- but I'd rather get out with a "nice" profit (a pig) -- than I would gamble on getting the "maximum" (a hog) profit.
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