17 days of gains wiped out in 4 days. This is a good lesson of why one must be extraordinarily cautious during parabolic phases if one is to lock in profits.
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An electrical thunderstorm collides with a volcanic eruption in Chile
Volcanic Thunder
An electrical thunderstorm collides with a volcanic eruption in Chile
"The 10 Cannots"
You cannot strengthen the weak by weakening the strong.
You cannot help small men by tearing down big men.
You cannot help the poor by destroying the rich.
You cannot lift the wage earner by pulling down the wage payer.
You cannot keep out of trouble by spending more than your income.
You cannot further the brother of man by inciting class hatreds.
You cannot establish security on borrowed money.
You cannot build character and courage by taking away a man's initiative and independence.
You cannot help men permanantly by doing for them what they could and should do for themselves.
- William J. H. Boetcker, 1916
You cannot strengthen the weak by weakening the strong.
You cannot help small men by tearing down big men.
You cannot help the poor by destroying the rich.
You cannot lift the wage earner by pulling down the wage payer.
You cannot keep out of trouble by spending more than your income.
You cannot further the brother of man by inciting class hatreds.
You cannot establish security on borrowed money.
You cannot build character and courage by taking away a man's initiative and independence.
You cannot help men permanantly by doing for them what they could and should do for themselves.
- William J. H. Boetcker, 1916
Blog Archive
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2011
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May
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- Silver uptrend intact- Firm support at $34
- Jim Sinclair Post- Gold Price + US International B...
- Very strong signs of a bottom in gold, silver, gol...
- Gold February uptrend intact
- Jim Grant quote
- GDX Support at 54 holding
- Greatest Trader in the world Jesse Livermore quote:
- Support levels tested and some broken
- Good article to understand why silver is not overb...
- GDX Break or Bounce #2?
- Silver collapses past two support lines. Will it b...
- Food for thought in silver
- Gold reaching upper trading band
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May
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