Riding The Gravy Train

Beating the markets is fun and profitable. This is how we do it.

Thursday, April 18, 2013

The Psychology Of Gold And Silver Investing (Seven Stages Of Grief)




Having enjoyed this bit of fact and the mention of the stages of grief therein - Academic Study From Last Year Shows Gold's Fair Value is $800 -  today we update our graphic which shows where gold and silver bulls fall on the scale of the "Seven Stages Of Grief".

First a review of December 2011 and May 2012:











Now here's how it looks in April of 2013:
 
 

 

 
We note with interest and confirmation that the tone of the (hate) mail we receive from precious metals bulls has mirrored these stages all along the way.

Another way to look at it, from this recent post "A Normal Week In Gold, Silver and Bitcoin":


As the graphic above shows, the mean tends to be exceeded on the down side when a bubble pops, so if $800 is indeed fair value for gold then it'd be perfectly normal to see prices as low as $600 before it's all said and done.  No market manipulation or conspiracy required, just history repeating.











We receive no remuneration or incentive directly or indirectly in any way, shape, or form for buying or selling the positions we do, or for mentioning any positions or companies in this blog. If we hold existing positions we divulge the fact. This blog is merely a diary of some of our thoughts and trades and is in no way whatsoever to be considered investment advice of any kind. Always without fail consult a competent, experienced, and honest broker or investment advisor before making any investment or speculative decisions.

Please presume that we, she, he, I, it, them, they, us and you are purely fictional characters and that everything written in this blog is satire intended for comedic amusement only and not to be taken seriously in any way. Just like "real" analyst proclamations. Thank you.


To be notified when this blog is updated : Please e-mail christianguinness@hotmail.com with "Subscribe to blog" in the subject line or click here to do so automatically if your computer is configured accordingly. We have never shared our mailing list with anyone, nor will we. Please note that we only send update notifications when a trade idea is diarized or updated, not if a blog entry only contains general commentary.