Too bad we don’t trade for a living! We don’t even use real-time quotes, LOL. $2.57 to $27.13, from March 3rd – what HOOT-N-HOLLER.
Down to under $15 right now, trades like these are fraught with as much potential disappointment, as pleasure. Like if you bought 10,000 shares at $2.50 and flipped it for a double at $5.00 giving yourself a high-five (lonely life of day traders glued to a monitor) and then the not so lonely “buy a round for everyone” after the close.
But a short 3 months later you see your $25,000 position is valued at $270,000 – yeah, enough to be a nice yacht in a distress sale. And many will be for sale in about six months as we reckon when a lot of people come to a realization. The realization that things are never going quite back to the way they were. Things will be better for Gold Investors, maybe way better, but how many people will invest in Gold until it crosses $5,000.
IS THERE A LESSON TO BE LEARNED?