In this unusual interview, Kitco’s David Lin digs into investor sentiment in the gold space with me. I’m glad he did, because this is much more important than just another gold price prediction. Many gold and silver bugs are depressed about price action since last summer. Some get angry and lash out at anyone who’s not a cheerleader who promises that prices will shoot up right away. That anger would be better spent on the false prophets who did make such predictions—and were wrong. Better still would be to let go of anger entirely, as it clouds the mind and often results in bad decisions. If the goal is to make money, we need to look at the data dispassionately, see the trends that exist (not that we think should exist), and speculate when price and value diverge. That’s what I’m doing with my own portfolio.
