SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Natural Resource Stocks
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: isopatch who wrote (2104)10/16/2003 5:57:21 PM
From: gold$10k  Read Replies (1) of 108870
 
Iso,

I don't really have a defined core position. It's more that I buy when I get what appears to be a buying opportunity and I sell when I get what appears to be a selling opportunity while attempting to maintain an appropriate %age allocation based on where the sector appears to be in its cycle as reflected in HUI. The small Canadian miners may or may not fall during a HUI correction, but many are independent enough of HUI and one another to provide opportunities to take profits in one stock (or a better place to get out of a buy that was too early) while maintaining an overall sector position by buying another that's still near its low. For example, I didn't mind selling half of my DROOY today because of other gold stocks I owned which would provide profits if the rally was for real and which might not result in significant losses if it wasn't.

After reading many books on the subject of the markets and trading, my primary conclusion was that the only thing you can count on is that investors will over-react. I continue to be amazed at how many under the market "stinky bids" get filled against all logic... especially on the Canadian side. Look at the way ANO/U.TO has traded recently...

stockcharts.com

...just goofy and with no correlation to HUI. Those are the opportunities I look for while using money management to somewhat protect me in case the over-reaction becomes even more extreme on the downside.

So far so good.

vt
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News