> If you were not a trader and it is hard to imagine anyone investing in gold stocks not being a trader
I have been speculating (not investing) in gold stocks for about 20 years, and I could not imagine doing buy-and-hold, especially over the last fours years
> I have taken advantage of this with successful trades on at least three occasions
Yes, I have bought and sold ABX four times in the last 15 months, mostly in the 17-20 range. Picked up about $12 in capital gains, and another $1 selling a covered call. I leveraged up each time (i.e. for every 100 shares you sell at $20, you then buy back 120 shares at $17, etc..), so the ABX trading portfolio is getting close to double.
> I am looking for an equilibrium price of between 350 and 375.00, possibly higher
You will find my other post amusing, since I guessed an equilibrium price before reading your post. I picked $363.28 +/- $10, which falls completely inside your range !!
P.S. I picked a weird number, because 1) it happens to be the average gold price over the last 16 years. 2) I'm sure it will generate more weird discussions than a number like $375 ! |
