by Jeff Nielson, Bullion Bulls Canada:
It’s Friday April 5th, and an early edition of The Grind today. The pattern in the market is already set, I already know what I want to say — so best to spit it all out before I forget it.
Before getting to the (latest) “big news”, I just wanted to spend a minute talking about the market, and market dynamics. When I announced I had bought some more bullion yesterday, despite the very real possibility that prices could have been significantly lower today; I may have created the impression that being PRUDENT always entails “taking your medicine” — short-term pain in return for long-term gain.
As we see today, that is not always the case. In this case “prudence” was rewarded…at least until Monday (lol). But there is a more general point here. As we get closer (in the immediate term) to the Next Big Rally, and we get closer (from a longer-term perspective) to total collapse; the PROBABILITY that prudence will be immediately rewarded goes higher and higher.
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