I've been holding double the metal (gold) - basically I own twice as much as I'd buy of the miners...I just prefer the metal but know that the miners can outperform by typically 2-4x...so I bought more of the metal to compensate for this difference
Does anyone have a favorite gold miner? Newmont Gold seems especially attractive to me, with strong fundamentals and cheap relative to peers (which are still relatively cheap as compared to the metal)
gold on its way to new forever highs
Started by
dharma
, May 06 2010 11:20 AM
53 replies to this topic
#51
inamosa
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Patterns-based Trader and Investor in ETFs and Futures
Posted 12 May 2010 - 11:56 AM
"Our job is not to predict where the market will go, but to interpret daily price and volume action to ascertain the facts of the current environment and make decisions based on that interpretation."
-Scott O'Neil (son of William O'Neil), Portfolio Manager at O’Neil Data Systems, when asked where the Dow would go in the coming months
-Scott O'Neil (son of William O'Neil), Portfolio Manager at O’Neil Data Systems, when asked where the Dow would go in the coming months
#52
johngeorge
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Posted 12 May 2010 - 01:26 PM
folks i am getting phone calls from folks i got into to gold @much lower levels wanting to sell here and now!
what does that tell you?
dharma
Gotta love it!!!!!!!
Tell 'em to give me a call. 
Peace
johngeorge
johngeorge
#53
cgnx
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Posted 12 May 2010 - 09:04 PM
I can't get anyone I know to buy gold yet. But I tell you what, the day they start hawking gold stocks to me, now that will be the day to get the heck out. We are a long way from there.
If it can be cornered, it will.
#54
dharma
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Posted 13 May 2010 - 09:13 AM
after the dubai crises 4 trading days later topped. here we are @day 4 after the greek crises
do i think that we topped, no i dont. but a pause that refreshes is more likely.
1198,1213(important cause it starts a new cycle),1229,1245,1261 are the relevant #s for now.
how much we give back remains to be seen.
physical demand is strong
paper gold is a bit more of a controlled game
easing back on my margin.
my guess is this wave will be marked by speculation in the juniors @its conclusion.
and that i believe will mark the top.
still lots of time,but i am aware time is becoming more compressed. however the harmonic i am watching has been effective since this bulls inception.
dharma
we have good resources on this board, dont let your emotions rule. next winter volatility will be kicked up a notch
