Say What Ya Like

[Josef Svejk]

Humble thanks again, Mark, but please remember, feeding the wild beasts (my ego) can be dangerous for the feeder and is certainly unhealthy for the animal! (g)

I found that looking at things from the short perspective and digging up information on these companies improved my knowledge and perspective in all areas of stock picking.

Ditto!

I also found that a lot of the people who I thought were most knowledgeable were spending a lot of time there, and I learned a lot from them.

Double ditto!

Some very smart people (Fleckenstein, among others) have been into the miners lately

Not more than two weeks ago I asked Fleck about dirts, and why he doesn't cover them more in his Rap. His answer at that time was something like nothing much to say, yet. Well a few days ago he brought up Franco Nevada, so yeah, he's warming up. (g)

Anyway, I'm not in the shiny yellow stuff because of all the bruhaha about gold being a safe haven in brutal economic times, or whatever, though that is a very small factor in the very far back of my mind. My main reason for being in are the long term charts. I started a thread here:

http://www.investorshub.com/beta/board.asp?board_id=565

Check out some of the very long term charts, and you'll find that gold and gold stocks fit into what Kevin and I call the bottom baser pop category. Bottomed in November or so, popped since. Kevin Watson turned me on to an old book by Stan Weinstein, Secrets for Profiting in Bull and Bear Markets As I said, it's an old book, so one finds some very funny stuff in there, by today's standards, but the book has helped me a lot in understanding what happens after a stock/sector has bottomed, and starts moving into stage two of the climb up, which has always been the hardest part of the chart for me to read. If I understand things correctly (definitely not a certainty!) then dirt and dirt stocks are somewhere in the stage two climb. So, many will tell you gold must go up because of xyz fundamental or some such reasons, which I am willing to hear, but bottom line, as far as I'm humbly concerned is -- borrowing from someone that doesn't know what "is" is -- it's the chart, [insult deleted]. (g)

Anyway, that's just my small gambling portfolio we're talking about here. My "real" money is, and has been for a long while, like yours, in Treasuries, where it will stay until I am as certain as I can be that this bear is over.

By the way, seems to me the mighty buck is topping out.

FWIW, I thought you were overreacting when you left SI. You were right and I was wrong.

Thanks!!!

Cheers,

Svejk