Ray:
I agree with you that in a bull market in gold, stocks like
drooy, and others will do very well. However, kindly call me
when the bull market in gold starts, because I have no way of
predicting when that is. I have held gold funds in a couple
of IRA accounts that have been static for years, and I would have
been better off trading, getting out for instance, in late 1996 or
1997, and re-entering about now. I agree that we are close to
a bottom in gold, but I can only identify bottoms in retrospect.
Marantette of course is not perfect, but over the long run, his signals have worked fairly well. When we are in trading range, like we have been for 19 years, I think trading the majors is the way to go. I also own growth juniors, and have been buying selected ones
recently, as they are dirt cheap. E.g. IWA, and many others.
On the other hand, if and when we do get into a bull market in gold
then buy and hold will certainly work more reliably.
Cheers
Dan |
