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Re: Frank Pembleton post# 5342

Wednesday, 11/19/2003 12:58:25 AM

Wednesday, November 19, 2003 12:58:25 AM

Post# of 19037
Frank

Blanchard is the coin dealer in New Orleans who is bring the suit.

I'm not a long term holder in most of my PF. In fact I have never run up as many trades in the last few months in my life.
I have doubled my PF in a few months to my surprise. But maybe what I'm doing wrong is taking 1/2 of most doubles but putting the proceeds back into the market looking for other plays. I feel that right now is a critical point for us. If gold blows through 400.00 then a whole different crowd will enter the junior golds and take these stocks to unbelievably high valuations. This HAS to happen It cannot not happen.
There is no bull market in history that doesn't end in a hysterical buying frenzy. This may seem like its happening but I don't think it is in reality. I think what is happening is that PM stocks long dormant are just now coming to life and providing enough returns for people to spin the profits off into other plays thus bringing most of them back to life.
Well back to life is one thing but we are in a primary bull market and if the trend is your friend it won't be ending anytime soon, maybe a few years down the road.

I may get killed on this market but I can't bring myself to not stay fully invested in PM stocks and physical gold and silver. But how can I argue against taking some out. Wish I could follow this advice. Guess I'm doomed to lose it all.

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