“Nothing can stop the man with the right mental attitude from achieving his goal; nothing on earth can help the man with the wrong mental attitude.”
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Thomas Jefferson
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Editorial
This weekend I took a look at the latest precious metals price charts. I was curious to see what the trends looked like in light of Friday’s market action. The Dow had fallen to the lowest levels of the year…more than 400 points in three days. Interestingly, the Philadelphia Gold and Silver Index fell to an eight-month low as well. Strange days.
I remember a great insight given to me from a long-time metals trader some years ago: “Gold won’t really move until ‘They’ want it to… and ‘They’ don’t want it to.” (They, meaning the great, global, powers-that-be.) At the time I scoffed. Now many years later, maybe he was right.
Besides, it’s much more fun to find gold or treasure than it is to buy and sell it! Making a profitable trade is great, but it doesn’t nearly compare to the thrill of digging an ancient coin or relic. Proof is the fact that we keep so many of our finds versus selling them. “Maybe if I need the money someday.” Traders need the money everyday.
For this newsletter, our Field Editor Anthony Belli brings us some interesting news items. The Nazi treasure story is one worth keeping an eye on. We’ll keep you advised on any breaking developments.
Until next time,
Thadd Coates
Managing Editor
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