Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: LLCF who wrote (47598)	8/19/2007 10:47:05 PM
From: Proud Deplorable	of 78418

Yes that's basically what I'm going to do until about mid Sept. I don't believe the Fed is going to lower interest rates on Sept 18th and I do believe that most people do not realise that the discount rate is reviewed every 30 days and that the Fed lowering the discount rate doesn't necessarily mean they have the populations best interest at heart but rather only the banks. It does not mean they will lower interest rates. Those who are jumping back into gold stocks in a big way because of this move aren't being too prudent imo as the facts aren't all in yet. I have ARU and if that doubles from here I'll reconsider but I'm not careless with money so I had a low point in mind where I would exit this market no matter what and escape with nice profits. I'm there within 5,000.00 and so my common sense says don't take on more risk in a crooked market end up down another 20% of whats left. I don't need that in my life. Others situations are unique to themselves so they have to do what they have to do.

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