Mostly: Classical

[roni]

Giving back everything to gold

Some folks might, and I gave a lot of it back in 2004. Lesson at least partially learned. I sold all PMs on Monday and Tuesday, bought back one position on Tuesday and it is up some now - have a stop loss on it.

Most of these positions were established in September. Wasn't in the mood to give much back. I have been amazed though that the shares have not fallen more than they have so far.

Will I be back in at some point? I think so. Even with 2004, I have made a bunch of money there over the past 3 1/2 years. Small to intermediate producers with growing production or just entering production and with low cash costs and capital costs covered are where I am the most comfortable.

In the meantime there are other fields in which to play...and unlike earlier, I don't mind a chunk of money earning 2-3% while waiting and watching - given my somewhat limited time for this stuff.