
Early Innings of Gold Boom-Greatest Generational Bull Market in History.
Submitted by Pat_n_Det on Thu, 02/28/2008 - 15:58
In my 3+ decades on Wall Street & the financial arena, I have repeatedly observed all major trends consist of 3 'legs'.
The 1st leg (longest) occurs when an asset class has been beaten down to undervalued levels. Smart, savvy, speculators quietly begin to acquire positions, when buying seems to be a foolish thing to do. When there is NO interest. This occurred from 2001-2006.
The 2nd leg begins when large 'professional' money managers begin to buy.
This is occurring now, as you are reading this...SEE LINK BELOW.
The 3rd leg (Shortest and MOST Explosive) is when the general public begins to buy into the trend. This is still years away. (2010-2012?)
How will you know when the end is near, and when to sell?
When you begin to read daily front page newspapers accounts of the 'newest' investment idea, fad, bubble. When your neighbor, workmate, man on the street begins to tell you about the wonderful opportunities in the trend. "Buy now or you'll miss out", is what you will hear, (sounds a bit like the dot.com & real estate trends, NO?).
THAT will be your signal to begin taking profits. Selling to the masses clamoring to buy into the latest fad.
I hope this article (see link) awakens you early enough to profit from the greatest generational bull market in precious metals we have ever witnessed. Investors, should heed the advice of legendary investor Jesse L. Livermore who said:
"It was never my trading that made the big money, it was always the waiting".
This is my 2nd time around with the 'Golden Bull'.
Don't fret about selling now, we still have years to sit on our gold/silver investments, follow Jesse's advice & relax.
Best Wishes, Pat.
http://www.dollarcollapse.com/iNP/view.asp?ID=64















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