Two Christmases ago, little Keegan was but a street urchin, begging for love or at least a warm place to hang his hat. This year? He is well settled in with a new family that loves him. Problem is, it is a family that is chronically dysfunctional and tends to get really emotional and irrational at times of joy and elation and times of crisis.
I hold an amount of KGN that is around the dollar value of when I first took this tattered little guy in with his gift of free gold. But the portfolio was much smaller then. Now, Keegan is just a humble little portion that I can feel comfortable holding onto.
As/if we move further into bullish proceedings and the markup phase continues, I want you to think about the touts and bull captains riding the trend. At least wonder where were some of them in November of 2008. Were they buying or were they puking? Who was saying what back then?
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"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10
