Sunday, September 23, 2007

Gold Fever

Right now there doesn't look to be any "gold fever". Very few are out looking to hit it rich in this sector.

Way back when at Sutter's Factory in California the discovery of gold was accidental. One of Sutter's employees picked up a glistening rock out of the watercourse and suddenly the febricity caught everyone. Gold febricity is one of the most catching and dangerous "diseases" that have afflicted adult male since the beginning of time. Many have got died or gone broke chasing this elusive element. We are about to see it go on again. The first 1s to catch it usually make very well, but as the febricity spreadings to the general population the affliction mutates to fearfulness of not getting their share and ends with disaster.

Those who understand the rhythm of fear, yes, that is what it is, make manage to command their emotions and make very well. At first the logical, thinking people recognize that everything is in topographic point for a long term bull market so they mine (buy) early. As they go on to go richer and richer others see their success and start staking claims. Even these future comers make well as the cache falls upon the gold Fields and the early birds are happy to suit them by merchandising them portion or all of their claims (stocks and bullion).

The early birds make not go emotional about their good luck and make not go so attached to their ours that they decline to sell. They have got the good sense to recognize that if they throw much longer there will be too many chasing this good thing so they sell. Every rich adult male in history will state you that the secret of success is knowing when to sell.

Those who bought the original tulip bulbs from Netherlands and land in the South Pacific Ocean and saw the terms get to gnaw and sold were the 1s who remained rich. From 1982 to 2000 dot.com pillory made everyone believe he was a financial genius. Those who had no issue strategy were buried in the avalanche of cascading terms for the adjacent 3 years. It looks that many have got not yet learned their lesson and are buying more than of the same debris with the hope that it will travel back up to the old high terms so they can get out "even".

Those who came late to the gold haste went home with small or nil and most lost money. If you desire to take part in the approaching gold bonanza you must get started now.

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