I'm Facing A Bit of Personal Doubt At This Point
I am working on the light tent and hoping to have most of my gold up for sale this week. I have held and held and tried to add as much as possible. Yet, I think my personal breaking point has been reached.
In short, I need cash in the bank now for things like school in the Fall and upcoming bills when unemployment finally runs out in a little over a month. Granted, I did have a good interview with a well respected company last week. This said, an interview is a long way from being employed and I know there are going to be other well qualified candidates as well.
Looking at the market, all I am really seeing is lower and lower prices for my limited accumulation. Shorts are well in control of the paper market. Those who earlier invested in PMs are now chasing dividend yielding stocks, and it seems everyone is happy to play in La La land for the time being. In short, it seems everyone is happy with ignoring fundamentals and following fabricated market sentiment.
It seems every time there is a reason for PMs to rally, the Fed makes and announcement or some country has a crisis which just happens to strengthen the US Dollar.
Maybe investors know the market is a bubble and are trying to hoard as much wealth as possible before it pops. Maybe investors are watching the metals for such a time with plans of jumping back in. Then again, maybe they are not.
Personally, I think holding PMs is still wise if one can do so and still survive comfortably on other income or assets. At this time, I simply cannot do so with a clear conscious. I may well sell off some of my scrap sterling and convert it to Morgans as much as finances will allow me to.
If I am able to get some up and listed, I will try and post the listings here.
Peace Out My Friends,
White Cobra
Analyze the Anticipation!!!
AI
