Thanks for the comments.
I've been a watcher of gold stocks since around '85.
I've been lucky enough to have participated in some of the runs.
It seems to me that gold moves every 3 years: '87,'90,'93,'96.
We're a little early, this year, if you go by that barometer.
However, I DO think we're coming out of this cellar.
Read through this URL: the-privateer.com
You're right about trying to trade the runs in gold stocks.
They're very schizophrenic during their runs. They'll move big
one day and then hibernate for a week or more. Then, one day again,
they'll take off and run higher.
You just have to hold and hope. Pretty unnerving.
As the above URL states, a pretty good indicator is the 200-day
moving average of the price of gold.
The Privateer bases it's bottom calls on an up-turning of this
moving average.
We have that now.
The St.Louis Post-Dispatch gives YTD results of mutual funds in
it's Sunday edition.
The Fidelity Select Precious Metals fund is now second on the
Fidelity Select fund list at 25% for the year. Only their
Telecommunications fund is better for the year.
For the above reasons, I'm terribly long on gold stocks
and will not be easily shaken out. |
