Market Bugle - by Mike Landfair

Gold is insurance against the depradations of the central banking class and the parasitical monetary authorities. Do not throw away your insurance because of another effort by some analyst or “expert” trying to make a name for himself by predicting a market top. Such people come and go as they seem to be insecure souls constantly needing some new mountain to climb in order to feel good about themselves, but they will not be around to write you a check should you be foolish enough to listen to their advice and try to time a market moving up on a crisis involving the current global monetary system. Leave the top picking to traders who sometimes get it right and sometimes get it wrong but who can run in or run out quickly enough to minimize the damage resulting from a bad call on a particular market. If you are an investor with a bit of a trading streak in you, and you get nervous about deeper corrections, you can always sell a few calls or buy a few puts for some downside protection. If the market drops you can cover those and make some money to offset the paper loss on the position but just realize you are going to have to be nimble to react fast enough in today’s warp-speed markets.