"I reserve the right to be wrong"
The only future event I can predict with 100% accuracy is I am going to be wrong again. I can only hope I admit it quickly, overcome my ego, and get out with minimum losses. Half of investing is making money, th other half is capital preservation.
RE: IAMGOLD
Management owned a big piece of IAMGOLD, so you can't blame them for freeing up some cash. It might hold the stock down short-term, but it looks OK longer term.
RE: The portfolio you mentioned
I just listed the gold stocks. Some of the other mining stocks I liked (Aber, Cameco, Cominco, Sherrit, Teck, Sons of Gwalia) did OK. I guess I have diamonds, uranium, lead, nickel, copper, and tantalum covered. |
