Rarebird,
last week I put half my portfolio into AEM at 5 3/8 (closed 6 9/16 today)and KRY at 1 7/8 (closed 2 5/8) , does that count? Can't say if I'm a goldbug or not, I mostly play the gold stocks, definitely a goldbear veteran, VBG.
AEM is going to be doing well by the end of the year with their increased production and very low costs due to increased grades in zones being brought on line. Doesn't get too much discussion on most threads, but I'll mention it because it is low hedged. They had practically no hedges but the "bankers" made them hedge some for financing mine expansion. I bought KRY for the chart and recent earnings announcement.
On the downside, I did have some PDG and wanted to keep it but had to let it go for a small profit way too soon, in order to maintain my position in my other favorite sector, oil and gas drillers and E & P's.
I haven't checked all the threads I usually lurk on, but so far the sentiment for this move in gold looks very promising, i.e., none too bullish. Most gold stock investors have been conditioned to these quick rises and quick drops over the last year. For example, in view of the sentiment, different market conditions etc., I would like to hold my gold stock positions longer than I have been the last few of years. Right after that thought comes the one that the last time I did that was a year ago in May, when the BOE announcement cut my substantial profits in half in one day.
That is what I mean by conditioned.
Best Regards,
Roebear |
