Zeev's Turnips Patch-No Politics (ZEEV)

[TJ Parker]

if one beleives in the gold bull, trading in an out could be costly if you dont have positions if a big break comes...i'd rather hold gold than amazon or klac or ntes

absolutely agree here. to put this in perspective, though, my gold position (well, miners, anyway) was begun in dec 01, and the only time i've taken profits since then was may 02, during that speculative runup by the hedge funds. but otherwise, its just been buying dips. and since the miners had become over 60% of my portfolio by sept (!) - my 'long term' portfolio - that seemed to be a bit risky. so 'paring it down' means i went from 60% to 30%, although since that time i've gone from 30% to 35%.

so i guess in this respect, for me, its more about how much risk i want to expose myself to here. i never had any intention of selling completely - i know how hard these are to time - and never sold any physical gold that i've bought (although i haven't bought much).

> but who knows weve all been fooled on both sides of this
> market....

someone on prudentbear.com noted that cots seem to be showing shorts closing out their positions.