Another panic selling day in US and Europe! Another day for the warriors desperately run in the ruins of the stock market. There are too many warriors run away first and think second. What will your day be tomorrow? Would you join the panic selling? How many more days for the panic selling? How much money could you burn in the panic? I hate to burn the money on fire! I will not sell on fire at least not the day when herd is in panic! *** Selling the winners are painful. I am happy I could have the gut to sell the winners when the selling took pauses. I could not correct my mistakes I have made but I should try all to avoid new mistakes. How low could this new panic be? What should I buy at what price? Could XAO lead the crash again and touch the lowest part it made in GFC? No stimuli would be like those in GFC. Gold is up. Market always surprises the warriors! Could it crash everything down but let gold shoot up into the sky? *** Still have not got enough cash in hand. But what if XAO would get 3300 again? Could gold shoot up to $2000? $2500? or $5000? Would gold hopeful be in the ruins as the wing broken swans always? I would hold my cash very hard with the hope gold could shoot up my gold hopeful in surprises! Something should be bright at any given time. What black swans would hit the market and you? *** Fear was there. Panic selling is going on again. Capitulation could be felt in XAO but has not get its end. Despondence need more hitting. Ultimate bubble need displacement. Do you know what displacement is? Displacement is generally an exogenous shock that triggers the creation of profit opportunities in some sectors, while closing down profit availability in other sectors. As long as the opportunities created are greater than those that get shut down, investment and production will pick up to exploit these new opportunities. Investment in both financial and physical assets is likely to occur. Effectively, we are witnessing the birth of a boom. “A new confidence begins to germinate early in this period, but its growth is slow.” *** Herd mood about gold would change if the gold price just keep to up while all of others crash down. You could curse the bubble but when it comes in the herd would make the new theory to make the bubble sound rational! Is it the time for gold be in brightest in the darkness? In 1974, no too many people could see gold could be priced at $800. Now it is still too early to say that herd would jump for gold and gold hopeful. But gold price if high enough, could trigger the herd to jump for gold. Under some conditions, people could image anything! The imagination could push the things into the extreme. I have spent more than 3 months to sort out my mind for my mistakes. The herd should be much worse than me theoretically!