Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: Jane4IceCream who wrote (88427)	3/9/2001 11:38:07 AM
From: SliderOnTheBlack	Read Replies (1) of 95453

GirlFriday -re: Gold ... laggards are the small caps. I continually flip the larger names (NEM HM et al) & take at least 1/2 of the profits/proceeds & rotate to smaller cap laggards - GLG ( I am taking/flipping some Glamis profits here however - huge pop of late, buy weakness - $1.60's if seen again are a steal!) RGLD PAAS KGC TVX KRY - in that order for me - fwiw. I keep taking profits into stength - taking about 1/4th of those profits & buying some forward "calls" (which are then "zero cost basis" options)giving me further upside leverage; but pocketing the bulk of the profits & waiting for another pullback, or laggard buying opp. What I am letting ride for the most part is HGMCY & GOLD; NEM & HM I tend to flip - it's worked for me & the small caps are very volatile; a few 30-60% moves in short term periods. I really like PAAS under $3 & SIL sub $8 1/2 for silver exposure - I'm holding/not flipping my silvers from those levels - as Silver will traditionally & ultimately outperform the golds during a cyclical breakout. The cheapest stock today - with the most upside POG leverage imho - is KGC. .45-.55cents looks bottomish & .60-.65 c is still very cheap should this be a sustained breakout move. KGC at $300 Gold would be my % pick from today's prices fwiw. Good Luck ~ no need to get crazy if you're not living, eating & breathing the XAU tape 24/7 - but buying & holding a 15-20% portfolio position of late has allready proven prudent & imho; will continue to do so... The Bear is alive & well and God Help us; if Japan collapses... nothing but Gold/Silver, or CASH will matter then - NOTHING... The entire story with Golds is simply this - the Gold/PM market is incredibly small. We NEVER will need any consensus positive market sentiment toward gold for it to pop -never. We merely need a very small percentage of investors to rotate a small portion of their holdings to gold/PM stocks for defensive hedges; to ramp this sector thru the roof. Shareprices are ultimately determined by simple supply & demand and the supply for gold shares is very limited & of late - there was no demand; hence very cheap prices; if demand changes to any degree - given the miniscule supply of shares/capitalization; we could really explode here.... Here's to Japan.... tic - toc ~

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