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

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To: smh who wrote (41361)	3/3/2013 12:34:25 PM
From: Wade	4 Recommendations Read Replies (1) of 48092

Good question. What I do or did may not suit for most of investors. All I did was to rotation to better deals continuously regardless bull or bear market. Many veterans at SI did a lot better. Andrew made his mark a few years back and has been happily eve rafter. <G> There are several important preparation has to be done up front. Here are a few: 1. Truly understand the value of each stock we own at various POG situations. 2. Cash reserve or equivalent position is important, but not an absolute factor. 3. Mental Tenacity...never give up...and fight back like a lion. Refuse to lie down. Watched those "Die Hard" movies? LOL 4. It takes guts and balls to chase into the rabbit holes with increased purchasing at lower levels. It has too be a smart decision instead of a blind trust, or wishful thinking. It is the decision to take a short term beating in exchanging for a huge return. It may look very risky, but if we play it right the reward is huge. Of course, this approach is not for everyone. One has to believe POG is going a lot higher, otherwise, stay out of the mess, which is very bad for one's mental health.

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