"Good Aim" re: ["Only a few gold stocks have come a long way. MOST miners have been piddly vs POG. A few years ago the miners were like shooting fish in a barrel. These days, you have to have good aim."]
This is one of my main bitches with the mainstream
gold bug newsletters.
Lot's of hand-holding, lots of cheer leading, lots of
cool, gentle, smoke blown up your ass during the shakeouts,
and lot's of armageddon drum beats, and blue sky-high price
targets and promises on the rallies, but little in real
tradeable themes and ideas. And even less with guidance
on profit taking timing, and being able to take advantage
of, and being able to leverage the corections.
The difference between throwing a dart, and just being
taken along for the ride by a cyclical bull, vs. aim +
timing is substantial. And aim + timing will become
more, not less important going forward.
Here's a very simple, and easy to follow idea that
I've been pounding the table on for some time.
...the three horsemen: Rangold, Kingross and Gold Corp.
+50% to double the performance of gold, silver
and the HUI gold stock index.
What's been in your wallet?
Think of it this way...
If you had $100k invested in gold, or the HUI; from the
August correction, you would have turned that
into roughly $150k.
However,if you were in the right stocks - you would
have turned that into $200K. Another $50,000.00 in
your pocket.
$50k. Nothing to sneeze at...
A new car paid for in cash, that dream vacation your wife
has been nagging you about (hello Ron), the ability to
finally write a check and pay off some/all your debt,
$ down on that vacation home you took pictures of, your
daughters cinderella wedding - now paid for, the difference
between a state, or private college tuition, or just another
+50% gain in your trading account.
And that's without factoring in the leverage of using
options on the same stocks....and that's without taking
on any of the risk, or high beta volatility risk
of the small caps, or the explorers.
Mo later,
S.O.T.B. |
