iso, I did add significantly to MNP not too long ago, when it was still in the .90's. For the same reasons you so imply.
I like MNG. An excellent balance sheet and liquidity. The latter is important in PM's imho. One doesn't want to hold too many of the opposite, in case it is time to bail.
I've looked at my more liquid PM stocks, and all after going through a long consolidation move show very good momentum moves. Money flow patterns I like. So I'm not going to get all lathered up just because the indices tick down, or up, a point or two.
Most important is that POG keeps establishing higher lows, and dollar just the opposite.
Another point you touched upon, go with strength. As you and I have PM'ed, my tech foray was too early, last summer. I came out okay but if I would have followed that addage more than I did, I would have came out even better. Much better in fact.
So this go in PM's I'm following that principal. Very much so, along with diversification. |
