Unless you are a robot, you probably struggle with discipline and human nature from time to time.  I struggle with it all the time.  I am all too human, which is why you see this website that is all about tools and indicators and balancing out the human stuff.

Anyway, yesterday I was lusting after Sandstorm Gold (SAND) due to its chart and wanted to buy the hard down right then and there.  But the little voice in my head said ‘you know Gary, how many times did you get in trouble when a chart tells you something and yet you disregard it?  Hmmmm, smart guy?’.  ‘Many, little voice’ said I.

So I put in a bid for SAND down at what was obvious support and it filled this morning.

Why pay more, especially when the sector is under siege?

Now I am not commenting on whether or not the sector will remain bullish.  As of yesterday’s close our case for the precious metals was still okay and what happened yesterday, just an inflammatory market event.  It was a double barreled setup against the precious metals… Ukraine hype right into FOMC.  Yikes.

But we are watching the ‘under the surface’ fundamental picture and the technical picture to be sure things stay on track.  And if they do, I am going to be happy to have been discriminating in picking up SAND at support instead getting grabby up higher.