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marcos

03/10/03 3:20 PM

#234 RE: Frank Pembleton #233

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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au999

03/10/03 3:27 PM

#235 RE: Frank Pembleton #233

Hi Michael,

Would totally agree with the third paragraph of your last post except that I am 100% invested and wish I could buy more!! Have been playing this "game" since May 2000. Have 4 and 5 baggers on most! Only have lots to gain and minimal to lose, I hope!! lol They say patience is a virtue and one day I believe we will wake up to find 380 bid 400 ask. What goes around comes around as they say. I guess I am very virtuous as I can wait a few more years since I view my precious metal holdings as a long term savings account anyways. Bonds are a sell, stocks are a sell, money in the bank is what? 0%? There have been some good posts here by Jack, Russ, Marcos on AGI which is a 20% weighting for me. I agree with you that there really hasn't been much to talk about lately!! Can't wait for new website!!