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Strategies & Market Trends : Classic TA Workplace

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To: ild who wrote (38514)5/8/2002 11:36:01 PM
From: patron_anejo_por_favor  Read Replies (1) of 209892
 
<<Patron, don't you think that before gold and gold stocks are moving higher all the clowns that bought in lately should be shaken off first?>>

A true bull market seldom provides convenient opportunities for those who missed it to get on board. That's why making money in them isn't as easy as it appears...

<<There is just too much bullishness about gold around>>

It's still ignored (or better yet, treated with fear and loathing) by virtually everyone I talk to. This thread is hardly a sample of consensus opinion.

<<I'm betting on having another golds buying opportunity>>

Good luck. Maybe it'll happen (then again, maybe not). My own strategy is to maintain a core position and trade around it (ie, buy the dips, like the one we had in MDG today and sell the spikes). Not perfect, but easily managed.
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