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Strategies & Market Trends : Ride the Tiger with CD

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To: siempre who wrote (7279)	4/23/2004 8:54:40 PM
From: rubbersoul	Read Replies (3) of 313173

If you are a true contrarian you would have been buying this week and in the coming days, I think. It's obvious Hamilton's buying beaten down gold stocks currently due to gold and the dollar both converging to their 200dmas. It's a clinical strategy devoid of emotion, yet one must have nerves of steel to follow this approach (as well as a belief that gold and the dollar maintains a strong inverse relationship). I've been trying this approach but have not had peace of mind lately. I also read somewhere that Russwinter has doubled his position in CLG and MNG. He's also started a position in NNO.In Russ's profile, he describes his investing style as a contrarian. Others have been on the more cautious side waiting for a clear indication that the gold/silver correction is over. I'm an inexperienced investor trying to learn from those that I respect and who make sense to me. I'm playing with fire at the moment, somewhat wreckless and naive, but I've been riding one large learning curve. Hopefully I'll ride this curve up and not down. At this moment there are a lot of contradicting indicators out there (based on what I have read). I guess it all depends on one's risk tolerance. (JMO) John

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