i am looking for 1400 here! and then a larger correction. it is w/that theme i am talking. i think the juniors are the strongest asset class right now. i am on hold mode. and will continue to be in that mode until we are well into the parabolic. this will not change for me. gold has been money for 5k years. the bankers will be overrun!!!! this piece, i think you pointed this guy out to me? http://www.321gold.c...n_s_040610.htmlthese are the kind of patterns that cause vertical movements, we may be there.Check out Millrock Resources, this is one of the juniors I am sitting on.
Looks to be ready to break out of a nice base. Target old highs ~65 cents.
Note the accumulation lately on the weekly...
i am lightly on margin, but as much as i am going to be.
i have 50%-100% in profits in juniors.-penny stocks. so, i will use strength to lighten up.
they are thinly traded, so into strength and i can get out w/o causing a stir
i want to cut my position back to 80-85% for 2of3.
dharma
dharma
If this is the beginning of Wave 3 (which I believe) - your hold on at ALL costs for the long-term philosophy that we all admire and have learned from should be front & center to your trading philosophy. For potential Wave 2 of 3 - Off of margin - OK taking SOME profits on thinly traded stocks - OK - but I will stay fully invested (I allocated between 25 and 50% in PM's and am at 50% now) throughout Wave 3. Will always, however, search for the strongest performers within my portfolio.
stubaby
some interesting charts.
i will post some years from now, when i am selling in earnest. we are only in the early middle innings here. buy weakness! scale back on strength. the parabolic is a one way street. look @gold in 79, nasdaq in 99 to 00. volatility will go off the charts. sovereign debt failure will ratchet the game up. and yes it is coming. the whole thing is quite disturbing, but history shows put bankers in charge and this is what you get. jefferson was brilliant
dharma
