Gold/Silver

Gold is topping ST and silver topped last week most likely. It will be interesting to see how the miners handle a pullback in the metals.



Another run at the highs is possible, but I am not counting on it.



I will always hold my phsyical, which is getting substantial. It is the volatility in the miners that one has to be wary of. I will wait for another long entry swing trade on the miners.

cheers,

john

John: How do you hold the physical?

Hi Dougie, We hold Krugerrands and British Sovereign gold coins. Also hold a variety of 32 kg, 1 kg silver bars and 1 kg and 1 ounce silver coins. It's our "end of the monetary world" stash so to speak. We accumulated most of it in 2003/2004. cheers, john

Patience Patience Patience

Oh shiney metal, fearless gold
Stay long if in ... you've been told
For fear of loss is just a game
Hang in my friend, don't be lame

God is good and so is gold
Stay thee long and do not fold
Let no emotion sway your hand
Don't give up the promise land

And you will see it rise once more
To higher heights ... that's what's in store
And then you'll switch and short the Q's
So keep on praying in the pews


Caveat = But if it dumps a lot ... run like a scared rooster!!!!!!!!!



Golden Cookie

Edited by calmcookie, 20 June 2005 - 08:49 PM.