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Market Vectors Junior Gold Miners ETF Message Board

  • frankenberrylives frankenberrylives Jan 25, 2013 1:21 PM Flag

    What Happened To Precious Metals?


    Correlation may not be causation but it seems more than a few funds were using precious metals as collateral for their levered longs in AAPL...


    This topic is deleted.
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    • Relax. Welcome to the gold sector. It is ALWAYS like this during a shake-out. All the news sounds like:

      "Miners are a scam"
      "Bankers are a scam"
      "So and so is ruining the economy"

      Take a modest position, one you can stick with and add on weakness. Small amounts-if this sector works, 1000% gains are not unheard of, as well as paper losses of 50% or more. It's only a loss if you sell because you put too much in in the first place.

      Wait for the story to become reality-once it starts to make it's run, you should be fully loaded in at low prices. That's why I like to DCA down, contrary to most opinions. Again, small speculations that you can afford to see to the bloody end is common in this sector. Be smart! Be careful!

      Just my $0.02. I'm not a pro, just trying to apply common sense at a difficult time!

      P.S. Avoid the conspiracy mongers like the plague.

      Sentiment: Buy

41.76+1.98(+4.98%)Jun 24 4:52 PMEDT