Holding Pattern... It is very important in these very uncertain times to stay focussed and deploy capital effectively.
Many Junior Miners will run out of money soon and will eventually disappear into the shadows, it may be best to review your portfolio and "get rid of your dogs"! Take the loss and use whatever funds are left to begin to make money again!
It is always difficult to sell your losers...but...you must...if not, I believe you will be sitting there hoping for your "dog" to get back where you bought in...when in the meantime other Juniors with the "goods" will be making a move and you will be left behind!
The activity the last couple of days in terms of general Market Gains in my opinion is only a trading opportunity....the major players are taking advantage of a pattern that has developed lately...the "Fed Affect"....they will play the "suckers" and will be on the sell side tomorrow.
My "Gut" is telling me that the Fed will do nothing tomorrow...business as usual.
The "clean out" of the Junior Gold Sector is a very positive event...although it has been very painful for many investors...moving forward it will result in significant gains...if...you are in the right stock(s)!
Please....get this clear...many, many stocks in the sector will not come back and will keep falling to reach near zero!
The result of the "flushing" of the Sector will result in less stocks to choose from...but...those that remain will attract the money that will be drawn to the sector in the months to come...supply and demand...a great opportunity to be sure!
I believe we will have a pull back in the Junior Gold Mining Sector...beginning this week...that is what I am waiting for....a buying opportunity as the speculators leave the Fed Affect trade.
I was very fortunate to come out of this "Smash" in pretty good shape...I will deploy capital very soon...it is almost impossible to get in at the bottom...in fact, if you do it all comes down to luck. I have waited for the right signals and I believe the signs are lining up for us to make a major move to take advantage of the coming upside.
Let us stay patient and wait for the right moment in order to make the best pass possible.
Digger144
P.S. Lakeshore Gold...dead money for sometime to come!
Remember....there is a lot of fear and uncertainity in the market place...but...guess what...without it gold would not be where it is today....get it! It is going higher and with it numerous opportunities....get ready to press that buy button. I really like what has happened to some of the financial stocks in general...money is moving out of the Canadian Financial Sector and if this continues it will find its way to the Gold Stocks...Nice!