Tuesday, December 11, 2012
I do know there are some veteran traders that read this blog, but there are many more not accustomed to being in this type of market. Many have not read the warnings of participants on this blog telling you the risk this market poses for you. This is going to be one of the most treacherous times to be a player in this game and more than likely many of us will be stripped bare in the paper market. You were just allowed to enjoy three years of a reprieve after a global financial collapse. A simple analogy is to look at waking up and finding yourself broke and in debt of over a million dollars with a 20K/year job. Rather than declare bankruptcy and take your medicine you are handed an additional debt of 200K and live like a king for three more years until now and declare that things "really aren't that bad". If you are in the camp of sheep that are questioning what your lying eyes are telling you then of course its a waste of time for you to read further and you probably have little really prepared for what lies ahead. No one can really help you if you fall into that category. Unfortunately some of you do.
Stay positive with the people close to you and try to contribute positively to life. This is a short game here and as the next few years unfold the real strength of your character will unfold. Take each day as they come now and savor them as if they are your last. If you do this, then you will find many of your activities have little meaning and you will not overlook some of the more meaningful contributions you can make. These contributions involve others.....not ourselves.
Wasn't that AUMN a monster today? I wonder which miner they'll rotate into next? You know exactly what I am referring to my short friends. GL
Posted by kliguy38 at 10:52 PM