Chartists
posted on
Jan 07, 2010 12:05PM
The company whose shareholders were better than its management
Well for all you chartist out there it appears gold is following the ups and downs reasonably closely to last year. Now with this in mind I expect that gold will really start to take off after the middle of this month. I expect for the next week or so for gold just to continue consolidating around this level before starting to move up significantly.
For any of you out there that follow my posts for any length of time you will know that I am not a chartist or T.A. investor. I am a fundamentalist that looks at the big picture and makes my investments according to the long term trends and where I think the world is going. I do know about T.A. and such just because a lot of investors out there put their faith in such and sometimes can influence the market and no one single player is ever bigger than the market. However those investors who base there investments solely on T.A. should face reality, given enough money and media connections, in the short term the big players can make any stock dance to whatever tune they wish. This is especially true now with the ever increasing use of computer trading programs. The tune that is played is always the one opposite that has the most money betting on a certain premature outcome hahahahahahahahahahahaha.
In order to make the big money you must always pick your entry points and bet against the herd.
I do not care for bandwagon jumpers and as such I will state for the record that I loved picking up a truckload of KRY in the 14 - 22 cent range. I loved watching all the games that were being played also in order to discourage me from doing so. I expect before the end of this year that all the perceived political contraversy will have disappeared as it did in Ecuador and KRY will have a very significant increase in share price. In fact I expect the political situation to clear up sooner than later.
I wish to thank all you schemers out there that made this possible for me and if you get the share price much lower today than 36 cents I will have to thank you again hahahahahahahahahahahahahahahaha.
All in my honest opinion of course as always.
F.F.