["...just gettin' a little bit worried... that's all"]
What is important for those who got in early & cheap here on the gold stock move; is to keep moving stops up...especially if you haven't been taking profits.
Stop-strategy; where you set your stops and re-entry buys; along with how you stagger them for each stock & your entire gold/pm holdings... depends on whether you've been taking profits all along, playing the rotation to laggards/small caps game, or just buying & holding.
In uptrend cycles it's a stair-step move up & taking profits and re-buying the dips, or rotating to later cycle plays/laggards & small caps works... as long as the move is in place.
Sentiment is the greatest technical indicator and it will be the primary indicator I use to start cashing in the Gold-Train when the time comes.
We're not even close yet imo.
...but, given this is my first ride on the Yellow Train; I'd appreciate hearing from those "old-timers" who were around for the prior PM cycles; especially the 79-80 historic top.
It's time to start studying how these prior cycle's progressed; the how's,when's & why's about the rotation/participation of the small caps & exploration juniors etc.
This is NOT just a temporary safe haven rotation into gold due to the War on Terrorism & Mid-East Strife... this is the end of a Central Bank led prop-job of King-Dollar in conjunction with the supression/intervention [ READ MANIPULATION ] of Gold.
The decimation of cap ex spending , capacity & exploration led to the success of the last Oilpatch Cycle... we had all the headlines calling for the end of the Oil Era, calling for endless gluts of $5 Crude and the end of Opec.
...it's been no different for Gold.
But, Gold has 2 things going for it that Oil didn't have.
1.It's a much, much smaller market-cap sector....only miniscule changes in investor sentiment towards gold can leverage the sector's move.
2. Unprecedented short-derivative positions.
Gold has much, much more speculative-parabolic upside leverage than Crude does... and it's going to require ice-water in the veins to not sell & exit the "sweet spot" melt-up when it arrives... and arrive it will.
...I'd love to see some individual junior & exploration company commentary; be it valuation models, leverage to the POG #'s, or exploration stories etc
..and let's not forget our silver bretheren either.
- as SILVER is the no-brainer rotation idea imho... as silver is obviously lagging golds move; but traditionally it WILL outpace gold in ultimate returns.
GOLD & SILVER: Foi Est Tout ~ |
