Gold & PMs runnin' again (damnit)...
The single hardest thing for me to do, is to add on, and into strength.
Old habits die hard...
I started actively trading in the 1998 - 2000 oilpatch and PM crash, just as the tech & inet bubble
was at it's zenith. Everyone was going to get rich on the NASDAQ, until they didn't.
The whole momentum thing didn't make sense to me then, just like this mania in FANGs and BioTech
doesn't make sense to me now.
Damnit, I cut my teeth on catching falling knives by walking into firery meltdowns like John Wayne in Hellfighters...
I've got a decent, core position in PMs. CDE is my largest, and top pick, but not as large of a position
as I wish I had here. Sold a few too early (my continuing theme of late...), and didn't pull the trigger
on a few others when I was on the fence.
I sat and watched KGC when it was sitting under $2 for months, and then crashed under
$1.50 in January. Failed to pull the trigger and now it's taken off and not looked back.
It's just against my damn nature to chase, or add anything that's up 60-80-100%+ in a damn month,
even though the entire sector is still historically cheap to the price of gold.
Just can't do it.
I had the cash and the patience, but not the balls...
Guess it's time to watch Hellfighters again.
C'mon trading Gods, give me just one more pullback in PMs.
I promise, I'll pull the trigger.
SOTB |
