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Strategies & Market Trends : Strictly: Drilling II

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To: Paul Shread who wrote (8848)3/5/2002 4:46:01 PM
From: gold$10k  Read Replies (1) of 36161
 
Paul,

I am not following many US traded golds and so cannot comment on the price patterns that you are seeing. Except for the OTCBB, my only US traded holdings are HL (bought today @ $1.41) and SWC. I sold RGLD today @ $7.22. As I have said previously, one of the reasons that I like the explorers is that they don't follow POG moves nearly so closely as the producers do and there is more variety in their price patterns. I continue to trade around the edges and my cash level is 9% (the rest is all PMs). My NAV made new all-time highs both yesterday and today. Try as I might, I am unable to find cause for concern vis a vis my PF. The trend is clearly up.

Perhaps I am early (as is my tendency) in expecting the next move up to begin this week. That remains to be seen, but in either case I am looking forward to the opportunity to become 100% invested. <g> As always, I am keeping my fingers crossed as I keep looking over my shoulder.

Good luck in your trading,

vt
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