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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?

To: que seria who wrote (1143)	5/29/2001 1:48:50 AM
From: lbs1989	Respond to of 4051

Dear Que Seria, Thank you for taking the time to give us your very insightful comments!! I have noticed that the market in general is not concerned with our break even problem!! This of course makes the task much more challenging. I am not in favor of a buy and hold strategy and will have to come up to speed fairly quickly on being able to manage some profit taking on the way up. I agree with stop losses to protect gains. I am also familiar with the concept of sunk costs or spilt milk!! I too have noticed that the "balls" have been in the air for a long time. You would think their arms would get tired or that they would give the rest of a chance to play!! I also am some what familiar with the idea of portfolio diversification. Once I master the gold industry I will have a look at the tech sector.... only kidding! Yes under normal conditions I would like to diversify more now but there isn't much discretionary capital. Perhaps as we move ou the profit ladder we can diversify more. In terms of "beat up" sectors, is there any in worse shape than precious metals? Normally I would have suggested 10% in gold and silver stocks and the rest in other international stocks and some bonds. I agree that getting an improvement on today's prices is very important. I would like to eat the elephant one bite at a time!! Again thank you for your very thoughtful post. It is very good advice based on practical experience. Hopefully it will help us shorten our learning curve!! Best Regards,