The Round Rock Wealthbuilder's Meetup Message Board › Watch What "They" Do, Not What They Say
|Dan Caldwell - Wea...||
Round Rock, TX
Good Seeking Alpha article on ACTUAL US Mint Gold and Silver Sales YTD
U.S. Mint Sales For February: Massive Amounts Of Silver And Gold Are Sold
Based on the U.S. Mint sales numbers, gold and silver are being bought at an unprecedented level, which is running counter to what is happening to the price of the precious metals.
Richard Wyckoff, a trader in the 1920's and 1930's. This strategy, which is discussed a bit by the Financial Post, essentially says that the best way to succeed in the markets is to watch the "big operators" and understand what they do and how they make money. Wyckoff discusses how these big operators will bid down a stock or commodity through different types of strategies, while accumulating. Then once others join in on the slaughter, these big operators will be buying that asset off of the hands of these new entrants. Finally, when they have attained their full position, they will use the same strategy in reverse and bid up the asset and clear out those who jumped on the short selling bandwagon and make a lot of money doing it.
Full Article: http://m.seekingalpha...