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Gold/Mining/Energy : Precious and Base Metal Investing

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To: pogbull who wrote (30858)9/17/2004 4:00:20 PM
From: jimsioi  Read Replies (2) of 39344
 
I was moved to sell 15% of my WTZ and NG

Thinking is that today is index inclusion day so we should have had the best of that items immediate effect....Gold and silver are really pretty lackluster, here, and should be for a day or two next week going into the FOMC meeting...then if the dollar weakness comes in perhaps we'll get another leg...Wouldn't be surprised to see some rotation but I'm not quite sure to what...

GRZ has no buyers today and 3000 shares at the bid seem to be chasing it down...

Overall, however, I've found sitting with the winners is the best policy...for me....It's harder than it seems it should be to put on shares you've sold...even if you've done so at a good price....as often as not I end up replacing with fewer shares higher....Only have about half of my maximum PM allocation currently....awaiting momentum to look like its going to come in and some key points on Gold to get surpassed...
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