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Re: eik post# 2978

Sunday, 02/24/2008 8:18:25 PM

Sunday, February 24, 2008 8:18:25 PM

Post# of 5803
Eik I have had a large Gold position for 5 years. Have seen lots of guys tying to micromanage and figure out reasons to sell or trade. Mean while I have just held a large metals stock position for years and made a ton more money than the micromanagers. Its not because I am smart (I can assure you I am not) just old enough to have patience when I spot a bull market. There have been large corrections and brutal downtrends but Gold continues to make new highs. I guess if someone thinks this guy has a point than switching from the stocks to physical Gold would work but once again than you have to know when to switch back and maybe you are paying short term capital gains instead of long term.
As one of the great traders (JL) said. It was never my trading that made me the big money. It was my sitting and waiting.

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