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

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To: cmg who wrote (40580)1/30/2013 11:14:48 AM
From: Rarebird3 Recommendations  Read Replies (1) of 48092
 
<<When the trend changes I'll go back in.>>

The problem with that is that when the trend does change, the Miners will be up 20%-30% in a few days and then you will pay a premium and overpay for safety.

The risk of buying extreme undervaluation or getting short extreme overvaluation is that things may become more extreme before they turn. But if you scale in with the proper state of mind, you become a much bigger winner.
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