excerpt from Real Gold Highs 3 by Adam Hamilton
Over the years since 2001, many investors have asked me how we will know when today’s gold bull has run its course. When do we exit for good? The answer is surprisingly easy. When gold investing becomes the most popular thing around, discussed everywhere by everyone and on the news constantly, get ready. Soon after when gold rockets parabolic, more than doubles in a matter of weeks, get out. Bull-ending superspikes on rampantly euphoric popular psychology are impossible to miss!
So what is the message for investors today? Buy all you can now, no matter the price. Whether you pay $800/ounce or $1,100/ounce really won't matter much when gold is at $10,000/ounce.