GREY:GBRIF - Post by User
Post by
dmack17on Mar 18, 2007 1:22am
275 Views
Post# 12438664
main point sell 2/3 rds.
main point sell 2/3 rds.My main point is,many gold stocks actually went down as gold went up.If one sells 2/3 rds into all rallies,you have money to buy back in when she collapses.If she takes off,you still have 1/3 rd.I also think there is no new money coming into the sector for quite a while.When gold went over 700,gold shares barely flinched.Being permanently bullish doesnt work and waiting years on a myabe is not that smart either.if the gold anlysts get it wrong all the time,i fail to see how we can do any better.I also think there is a high probability of a market crash,that includes gold stocks.Up to you if you want to hold but most are in this to make money,not as some charity.Many gold companies forget that fact.I bought gbn because i think it is one of the only ones worth holding but don't forget greed kills.Play it safe,when she goes up 33 percent,sell 2/3rds and gamble with your free shares.