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Alias Born | 09/23/2006 |
Tuesday, February 26, 2008 6:17:09 PM
I'm hangin onto my AUY with both hands now that the US Dollar has broken support @ 75 on the downside. So many big currency traders were thinking the dollar would go higher not lower. I guess they were wrong again. The dollar will stop sliding one day, but only when the Monetary Policy in the U.S. changes for the better.
I think Yamana could see $20 soon, and if earnings are half decent, maybe even $24
Time will tell. All I know is that gold has been a terrific insurance policy for me thus far.
Best of Luck
*NEVER borrow ANYONE'S conviction. Do your OWN HOMEWORK before buying any stock and NEVER trust to hope. Hope holds no place in investing.
ALOHA
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