Gold at 1240, silver at 19.50, another dip?

[unix]

Do you all smart people think we will have another major dip before precious metals take off into the stratosphere?

I do, and not just one dip...  I am slowly selling to be honest. maybe a foolish decision, who knows. But I recall 2 years ago silver went from 20 to 8.

[The Original Henry]

Economists successfully predicted 9 of the last 3 recessions.

In other words, nobody has any clue what's going to happen. It's all guesswork, which is why diversification is necessary.

[Aussie]

"Economists successfully predicted 9 of the last 3 recessions."

Nice one, T.O.H.

In the vein of diversification, I think the Fable of the Ant and the Grasshopper is so much bullsh*t.  In the modern world, the ant gets bulldozed by the recession out of left field.  The grasshopper, on the other hand, light on his feet, hops out of the way into some other field.  Jus look at me (got a strong stomach?).  Industrial Chemist, Computer Programmer, Market Researcher, Call Centre Consultant, Office Temp, Warehousing.

Other than the fact that I kinda got a "Decline and Fall, etc" thing going, I feel very flexible    Though I do seem to have the "Work Smarter, Not Harder" thing happening in reverse....