Yahoo Finance
Falling prices have a way of overriding good intentions.
The plan is always to hold for the long haul, right up until the number on the screen turns red and the gut takes over from the brain.
Most investors sell near the bottom for the same reason they pile in near the top.
They let the price tell them what to do, instead of the reason they bought in the first place.
Gold and silver have been testing that instinct all year.
After a historic run that pushed gold past $5,000 an ounce and silver above $100 in January, both metals have spent months grinding lower.
A stronger dollar, aFederal Reservethat keeps hinting at higher rates, and a shaky Middle East truce have drained the safe-haven trade.
Sitting in cash feels smarter by the week, even asinflationchips away at what that cash can buy.
That setup is exactly where Robert Kiyosaki, the author of the personal finance juggernaut Rich Dad Poor Dad, says he does his clearest thinking.
As gold and silver fell again last week, the longtime metals bull told his millions of followers he is not selling.
And he says he already knows what he is waiting for.
The numbers behind the slide are ugly if you bought near the top.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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