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Strategies & Market Trends : Strictly: Drilling II

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To: gold$10k who wrote (23903)12/23/2002 10:09:05 PM
From: Step1  Read Replies (1) of 36161
 
VT, value your opinions. There are quite a few base metal plays but PGMs? I have SUF.to since 2.50 and am a happy camper but otherwise in the juniors, there is really only a handful (ARQ, FPR ?? symbol) ... Which ones do you have in mind?

I am seeing some anecdotal evidence that the gold gains are starting to make some people salivate. You need newcomers to float the market higher. I think for the IT we will see a lot more volatility (understatement actually) but this has all the hallmarks of a "buy the dip" trend here... We can`t expect to have a nice and dandy bull in gold all by ourselves, can we?

I was here in the summer of 99, before the Washington agreement. Mostly luck and I had one gold stock. Then the misery began. I saw 300 gold, 270 gold, 260 gold 252 gold , rinse wash and repeat... I came to doubt myself and, reading gold eagle , I felt like I had joined some kind of cult, half biblical, half voodoo.

In a later post VT you are correct to say that there is a lot of rah-rah, but we are higher, stronger and the stars are lined up now. Gold is conservative but you can also gamble in gold equities, trade them , flip them ... I personally would advise some physical as an anchor for your financial health and as a strategy to escape the rape and pillage of the government (some of gold eagle does make sense ... :-) even though the gains trading equities are far more appealing. Sort of a Jay Chen principle if you will. A stash to allow you to "reset" anywhere, anytime.

Anyway, not advice to you, more general comments to anyone interested. I was mostly responding to your "rotation to PGMs " comments but then carried on to avoid posting multiple short messages.

step1
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