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Roni, thks. for your list, gave me a few symbols to check out and want to comment as well on my allocations.
I really like the first group, auy is stellar company, good interest, should outperform many,
azk avery small cap, non-producer and its upcoming prod. very small, not my cup of tea
gld very good in place of cash but will underform equities as this gets legs, have long recommended as an alternative to USD
slw, well yes very good but still prefer HL and even ssri, but great all the same
as for other metals, a penny stock (gpxm), so not part of my portfolio, mmg a non-producer so no
energy no postions as imo strength depends on many more variables then precious, even with no war, conflict etc USD still in trouble hence gold rises, stagflation, inflation even deflation support gold while the same cannot be said of energy
tech. fine but if US economy actually slowing than lookout
just being honest and hope you take it as such, a healthy discussion.
in a nutshell trading funds geared to liquid precious metal stocks with specific characteristrics, i concentrate my funds, shy away from diversification, prefer a few big bets to many smaller ones, gives me more room to act quickly, and not following too many things. been in precious since 2001 and see no reason to venture elsewhere just yet, volume, interest, large swings within a n uptrend, what more could one want
so: ssri, hl, bgo kgc, ng at present as core trades
out of the dow here and see wider market as precarious.
see gold and silver back at old highs by Christmas with or without commodities and energy so why own them???
as for playing outside of precious i tend towards DOW components as I find the charts easy to read in that they follow classical behavour.
cash down to 8%
Look to be selling into some strenght on monday due to technical and short factors as prev. mentioned. USD has broken down here and POG could really run, look at that chart! I argued against the pundits seeing a recovery and as I suepected it was a trap to help those who needed to get out before a new leg down.
By any chance notice all the negative news re Russia lately? IMO due to fact that any conflict with Iran can and will involve Russia and US is beating the drums to Russia as a warning and as a preparation of American people.
Civil war in Iraq a big factor in energy markets as it should be, Recent sadr statements really something, if US leaves we will stabilize, if not f the present gov't.. Hmmm How powerful are they? If Shiites control, iran happy but US? Take the carrot or wield the stick. Put up or shut up. ie. leave and let it be or go after Iran. I beleive the latter is likely but it must be soon. Fleets still in place, military preps taking place at same time as diplomatic missions. one or the other and time is short. With missile deal delivery by Russia their position is clear, China has made overtures by the none to subtle mention of their large USD reserves etc and the fact they are reconsidering. Neo-cons must act or accept defeat of their strategy.
Israel is looking more and more in a corner and that is sure not good. The attitude of France towards Isreali overflies of Lebanon speaks volumes re fear of Europe to press things further, note Iran leader reminding Europe they will be responsible for their actions here, won't be allowed to act innocent.
thks again for your post
and congrats on a great week
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