Most of us would choose pleasure over pain, and when it comes to the market that translates into making successful investment choices.
So why are so many people caught up in the near term vicissitudes of the platinum market with gyrations in the low $800s (currently $816) that could drive any sane person crazy?
My advice? Let it go! Of course, I do not mean let Platinum go! I mean just stop worrying and look objectively at the precious metals market and it’s fundamentals. Platinum is a gift right now and there will be a time when the market suddenly figures that out. You want to be long.
Now I admit that any reader of this blog will know that the platinum market’s behavior has been highly frustrating for me, too. But I’ve kept my position; I have deep confidence in the long term trajectory of this metal for many reasons previously stated; and I’m working to simply let it go.
After all, making money is fun so I am just going to give it up; be happy and relaxed; and stop fretting about the stupidly myopic views that Platinum‘s price behavior seems to reflect. Yes, it’s true! I have noticed that I am repeating myself! :-) Perhaps even I need that reinforcement!
Anyway, I am choosing pleasure, over pain. And time will be the arbiter!