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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: isopatch who wrote (199623)9/6/2019 1:40:27 PM
From: Black Blade1 Recommendation

Recommended By
robert b furman

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WHIP-SAW TRADING ...........................................................................................................................................

This typically occurs as investment bankers (along with in house brokers) tell the general retail investor market everything looks great (or looks bad) while they take the opposite side of the trade. While the small fry are buying or selling, the investment bankers and fund managers are making bank on selling into a rising market or from short positions. They often leave te retail investor royally screwed and confused. This is why "contrarian investing" tends to work well for small fry investors. As for the Investment bankers, fund managers and brokers they also make bank off the small fry retail investors by charging brokerage commissions, management fees, etc. adding more pain to the small fry investors.

Like the old addage about poker ... when you enter the poker parlor and wonder who the patsy is, then it's you. Or as Warren Buffett puts it: 'If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.'

I usually take most "professional" investment advice and company reports with a grain of salt. I tend to look at trends and also dig into the numbers as well as what is happening the general economy (macro-scale). I even have taken on a few speculative bets on occasion (some wildly successful like "Boots and Coots" stock just before Saddam sparked off hundreds of oil wells). But mostly I tend to just find amusement at a lot of analysts recos because I also look at "what's in it for them" and of course knowing how this game is played. Those at the top stay at the top at the expense of those under them. There are ruling elites and there are peasants.

- BLACK BLADE
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