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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: John D. White who wrote ()7/20/1999 6:35:00 PM
From: John D. White  Read Replies (2) of 48092
 
It is time. I'm betting on it.

Today bought 132 in-the money calls on:

ABX
ASA
AU
HM
NEM
PDG

Sold calls on every optionable stock I owned the last week or so to pay for them. And I also sold more than half of my small stock portfolio.

Why?

put/call ratio, .vix, advisors index and all other market sentiment indexes very bearish.

Gold optimism has never been worse in my investing lifetime. Y2K in site. Notice the Y2K stocks held up today. Huh? How about that? Time to buy gold. No guts, no glory.

If you see a Cessna Citation doing barrel rolls over Lake St. Clair, You will know I timed it right.

We have had a long wait on this sector.

(Going for the "post-of-the-year" award with this one.)
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