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Re: Frank Pembleton post# 233

Monday, 03/10/2003 3:20:08 PM

Monday, March 10, 2003 3:20:08 PM

Post# of 1580
Gold stocks are still stocks, for all that they're gold-related and ultimately PoG-driven ... days like today folks are selling equities period, baby and the bathwater too, whoosh out the door they go

You think in shorter time-frames than i do, we've discussed this before .... short-term doesn't always work well for me, like with Kinross this last Dec, had it made, in the black, then i averaged up quite high, ignored it for a few days, lost most of the gains .... positions with entries based on seasonality seem to work better, my ngt/aas repurchases last fall probably averaged under a merger-adjusted agi price of .75, so i'm doing alright, not like last year at this time, but not bad either .... up over fifty per cent on dnt, xcl, iau, cqr as well

It is wise to guard against perma-bull or perma-bear attitudes in any sector, for sure .... but i think gold is in a big-cycle currency type move here, has been for two years now, and will be for some time to come, these are trends that keep rolling .... there will be lots of selling opportunities in the sector, for sure, especially among US-listed producers who get anointed flavour of the month ... still it's the best sector for positions held over time, if a person picks well, imho

Looking at k-wrm-mfl-wtc right now, it's like a selling climax, like it could easy turn up from here soon .. matter of days, maybe hours ... ?



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