hello ep, <<Looks like you did well riding gold to the peak, and then getting out as it starts to head down>>
so far so good ... as the market must slam the bulls and smash the bears in order to complete its diligent and grinding work to make to dust all that is not strategic, monetary and scripture metals in physical form.
Unlike charlatan ben helicopter burnandkaput bernanke, I have no exit plan for my diligently collected and discipline-hoarded physical hoard other than lowering the cost basis to absolute zero, and keep it at zero, perma frost like, because history repeats.
Yes, while it is true that the market will either ph$#@k with the bulls before pulverizing the bears, or the other way around, or do the nasty twice to thrice over, but it is difficult for the market to screw what is at zero cost basis, that which is not there when tallies are done.
My exit plan for physical metals is not to exit at all, but to make it all disappear by eventually updating latest pricing to lower of market of cost, for the true long term and hold, by one faithful, to pass down to another faithful. Amen.
<<Uranium stocks seem to be down today and the past few weeks>>
... i fear a replay of 2008 Q4 and am greedy for 2009 Q1, iow, DUEED.
<<The next few months may be a good time for stock picking, as many of the major themes (gold, dollar, technology, flight to safety, commodities, etc.) will not be moving rapidly>>
... i believe the age of stocks is over, because what is left of the worthwhile, per 'picking' requires too much dd due diligence that few are able to truly do, whereas simply in and out of the gdx gdxj gld slv andd such metals etfs require merely aa astute agility per on-line unreal tournament last man standing death match
cheers tj |
