You'll get a lot of folks buying in anyway. From how they see it, they can make 4.5% on the S+P, or 40% some odd percent in precious metals. What do they care if the spread goes up?
Normally that is a sign of a "trap" being set-up, most retail investors don't have good odds in their favour.
I don't know about setting a trap up, but I will agree that the "cattle herd" mentality, or the stampede, if you will, always results in a cattle slaughter at some point.
What if it goes sideways? My point is that when people get herd mentality, and they think the sky is the limit and they don't want to miss out on the bull run, they'll enter regardless of the spread.
i know what u mean, i can't do it. protect what i have and let the trade come to me is what has worked. i miss stuff but i won't ruin myself either.
I guess we should have known the end was near when Jim Rogers was quoted as saying gold will reach $1000.