You may be right. I was at a local jewelry store (the guy also buys and sells gold and coins) recently. The owner and I were discussing the price of gold. He speculated that the bottom would arrive soon because all sorts of people were wandering in wanting to buy gold coins.
He pointed out that in the post this activity invariably occurred just before the bottom. He also said the smart people were the ones coming in to sell gold.
We can hope :)
looks like it’s time to go sell the silver ... that was bought at 4 :)
Also when you see a big bear on the cover of every financial magazine around it’s time to buy stocks (that means now). Conversely, when you see “How to Trade Options” on the cover of BusinessWeek, it’s time to sell stocks (that was an actual cover of one of the mags in early 2000)