Reading this message board is like attending an AA meeting. You know...like..."my name is Jack and I have a problem. I like to invest in gold and precious mining stocks."
Not meant to be funny. Humor is scarce in market investments like this.
quail, this is quite true - this market has made a trader of me and in general, you have the same deer in the headlights issue on most boards I read. The only boards that are positive are the short ETFs. the only reason I've been able to keep 75% of what I had a year ago is from DXD and SDS.
Ea32 - you've got me pegged right. I do feel like a deer in the headlights. But I'm not going to jump off this road until I can determine if that's a mack truck or a greyhound bus bearing down on me. Now...if I could only time my getaway jump correctly.
quail--Probably better to talk about than jump out a window.
Us guys that played the long side misread the situation. That's the way it goes. Learn from your mistakes and move on.
What do you think? gold bullion turns around first , or gold stocks? IMHO, pipe
Pipe, my fear is this. What if AUY announces decent profits for quarter but misses their targeted number. It won't matter if gold is rising and it won't matter if AUY is down 78% from it's recent highs. Missing numbers in this stock market spells drastic declines. We'll all come back to this board for another AA style meeting.
I think all of us gold bulls regret not selling all stock and investing entirely in physical. In jittery markets physical will still be the better way to go for the foreseeable future. Just my opinion.