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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?


To: SirRealist who wrote (52189)5/7/2002 6:13:12 PM
From: SpinCity1  Read Replies (2) | Respond to of 208838
 
like i've said we ain't been down this road before, dorthy.



To: SirRealist who wrote (52189)5/7/2002 9:33:45 PM
From: Jimbobwae  Read Replies (1) | Respond to of 208838
 
The other strategy is to buy gold. Preferably the metal, not the mining stocks, though either should treat you well.

Within a week, gold should pull back a little. Buy and sell in about 5 months, if you're a trader..... or hold for 2 to 3 years if you're an investor.


Hey Kevin just a heads up on the yellow metal. December-May is the traditional strong period for gold stocks. Often there is a lag/swoon over the summer as the field crews are out sampling and drilling in the northern hemisphere.

Therefore, buying now and holding would present historical annual cycle risk that would only be challenged by extreme conditions pushing the price higher. Usually its "buy in December and sell in May."

Also, the junior explorers could appreciate 4X + if the metal can get to $325 and make a run from there. Therefore if speculation is your objective, buying the metal is not the way to go. I am a proponent of gold as money however.

This is a sensitive time to pick up anything large IMO. Small producers such as RIC that you noted earlier today in a scan for % gainers is a high quality company operating in Canada. Its near fair value however and needs a gold price break above the recent trading range.

We are in the third week above 310 and I agree there will be a rest coming soon. The key will be to see if the uptrend can continue. If the US markets can establish a near term bottom the flow out of Gold could sync with the weak summer cycle.

All JMHO.

Anyway its fun to watch. Good luck,
Jim



To: SirRealist who wrote (52189)5/8/2002 9:25:15 AM
From: 2MAR$  Respond to of 208838
 
UTStarcom-UTSI raised buy to strong buy@MLCO analyst mtg on 5/23
Recommendations



To: SirRealist who wrote (52189)5/8/2002 10:27:32 AM
From: Michael  Read Replies (1) | Respond to of 208838
 
Hi Kevin,

For gold. You recommend buying the metal rather than the miners. Can I ask why. I mean gold is up only 10%-20% from the lows whereas some miners are up 20 - 30 times that.

I thought the metal would only be critical if the whole world went BK, in which case survival rations and your own arms supply would seem to be the priority, no ?

What am I missing here

Thanks

Michael