GOLD - basserDan,
With all respect, the only suggestion on how to play gold much seen here is buy some NEM and play a swing trade for a few weeks. It will be a good short term trade, but you miss the big money of the seasoanlity of gold stocks in this bull market.
In both 2001 and 2002, 2-4X 's were very common in the stocks I mention between January and June (check for yourself please). They have re-trenched and are vastly more undervalued now, than in the 2 prior years, relative to gold prices.
I have been trading gold shares up and down for 13 years, follow closely, and hold several hundred thousand shares of each of these companies. I know from which I speak, becaues I have put my eggs in 3 baskets and watch them very, very carefully.
I have held and built GSS, CUSIF.ob and BENGB.ob positions for 2+ years, not trading. I have 2-3X in them already.
How do you propose the less enlightened profit from this bull gold market? And do you know of anyone much, including Zeev, that actually "trades" gold stock successfully short term?
Bernard Barouk
Posted by: basserdan
In reply to: Bernard_Barouk who wrote msg# 76382 Date:2/14/2003 12:58:24 PM
Post #of 76484
GOLD - Bullion is making new lows for the move yet PM stocks aren't. All that remained to be done was what is going on now - taking out the stops below 350. Fair warning - get on board. The next advance in bullion takes PM stocks to new highs.Comex closes at 12:10 for Presidents Day Monday.
Peace does not break out over long weekends.
GSS, CUSIF.ob and BENGB.ob are excellent buys here.
GSS intermediate move to May = 2X higher.
CUSIF.ob intermediate move to May = 3X higher.
BENGB.ob intermediate move to May = 4X higher.
Hi Bernard,
Addressing your post to me is somewhat akin to "preaching to the choir" as I consider myself to be the resident 'token' gold bull of Zeev'e humble abode. <vbg>
While agreeing with much of what you say about the Au market in general, I feel a need to tell you that I find your repeated 'heads up" recommendations of the BENGB.OB et al trifecta to be somewhat indicative of having a self serving personal agenda. This is about the upteenth time that BENGB.OB has been your centerpiece and I can't let it pass without giving you some feedback from a fellow gold bull.
