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Re: CoalTrain post# 146132

Friday, 08/29/2003 3:54:49 PM

Friday, August 29, 2003 3:54:49 PM

Post# of 704041
Coal Train: With regard to gold stocks, George Cole and I differ only in style, not substance. If I read George's posts correctly, he has been unduly worried about the ST volatility and has tried trading in and out of his gold stocks (or at least a portion of them).

By contrast, I have held my gold juniors and have only added to them during pullbacks until my gold position has reached a critical mass that I no longer want to add to. As a matter of record, I own a basket of 12 precious metal (gold and silver) junior stocks that make up 20% of my portfolio. I will not add to that and will continue to hold them until POG reaches the $400 per ounce level. At that point, I will be tightening my stops and/or taking profits.

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