Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG Message Board

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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG

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To: TheSlowLane who wrote (4864)	4/28/2006 1:48:39 AM
From: Wade	Read Replies (1) of 48092

He remind me that an proclaimed elderly gentleman PM me and told me that he thought I was too short sighted for using TA. His argument was the long term chart of SP-500 proved that we should invest for the long term. So, I agreed with him. After we wrote back and forth several times I gradually lost his points until.. He wrote: Your XAU/SPX ratio clearly indicated that gold stocks are over bought and you should switch to the SP-500 stocks. I wrote: I plan to hold my core gold stocks position for the longer term. And, I don't see the benefits of owning SP500 stocks. He wrote: Follow your damn TA. I wrote: Sorry. I thought you want to talk about the long term. He never wrote back. Well...he was right for 3 months. My XAU took a ~20% bath but recovered very quickly and made a huge return in my life time within one year. I don't know what happened to his SP-500 stocks. This is my story to share. LOL I think we are looking at the long term Paul. ha...

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