RE: MetalsKeep in mind i am long term bullish, but have the ability to step aside as corrections do and will always occur. I act in my own best interest, and do what is best in my eyes, no matter what others think. Your money, your decision that you have to live with no one else. I can change my view as conditions merit. We all have to keep our focus and not get one sided ignoring realities. I'm preparing to get heavily invested long again, but very alert to anything that could change that view, long term investors who don't need the money for years can ride all this out and more than likely not worry, but i don't like giving up gains so i lighten up from time to time, that's my strategy in this crazy global climate. Your better off hearing both sides, at least it's intellectually honest.
The PMC's of the world and Best picks are one side and one side only. It's always up or always down. So both are right half the time. Ignoring PMC allowed me a nice gain in PTQ, ignoring best picks allowed me to keep those gains. I'm now back on the side of ignoring PMC as he may be able to stroke his ravenous ego for a while yet, but once PTQ starts back up he will go back to insignificance posting 10 times a day with no ability to see what's happening. He never acknowledges when he's wrong just keeps spouting no matter how foolish he looks, hoping for any kind of drop to crow and stroke that ego. When PTQ's correction is over, PMC will bellow as always the same repetitive tripe since he sold his 3.00 shares for .50 cents and those who listen to him now will miss the potential gains. And if PMC proves to be right in the end it won't be for any reason than it's a 50-50 coin flip he called right. Remember this guy was a raging PTQ bull as it dropped from over 3.00 to under 1.00. He was a bull at the top, and a bear at the bottom, isn't that the exact pattern a lemming follows, the lemmings he references others as? How can that performance be credible? His post history will confirm what i state if you want to go back and suffer through all his spew. And when PTQ has hit another peak as it will the pumpers will never acknowledge that and many will give back gains as many will buy into the peak.
James Turk who has called the Gold bull market has never to my knowledge forecast a correction. every year it's obscene levels up, he's wrong a lot, but long term correct. Jim Sinclair is brilliant but it's most always up and this is it, and if you read him daily you would be ready to dump everything and take out loans to buy gold, he has been wrong many times short term, but long term spot on. Same goes for the bear camp. These guys are one side only. If you got in at the lows then who cares short term, but if your trying to manage now to get long or get in you can't afford to listen to these guys as short term you can go broke before you get rich.
That should be your motivation. If best picks is a 3-5 year guy then he and those who are of the same view shouldn't care about corrections as this company progresses, but if your new to this market or need the money near term you better be very careful during corrections, as the market can and will relieve you of you money very quickly. Most importantly junior mining stocks are as risky as it gets, and most do fail, in fact the vast majority DO fail. You get gains you are wise to take some off.
Long term view you choose between PMC, who's wrong 50%, or best picks who's been wrong 50%. As one of them will end up right. Your either a coin flipper or you have eyes to see and ears to hear, and use them regardless of what others are spouting. It's your money don't look for people to tell you what you want to hear but what you NEED to hear.