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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: akpirate who wrote (3732)	5/11/2002 4:51:10 AM
From: TheBusDriver	Read Replies (2) \| Respond to of 39344

<<Good luck with your head scratchin!>> Pulling my hair out is more like it. I seriously believe this is only starting. But I have been hunkered down for so long in PM I am finding it hard to be nimble and move my money where the value is, this is usually where the action is as well. My biggest fault is patience. When I am holding MNP or SWG and they are doing nothing with everything around me gaining, I get the itch to sell and move. Probably not wise, but I have to wonder why they are not moving with the rest. this is from "gold this week" @ the-privateer and inline with what we are discussing: "Once that necessary groundwork has been done, it becomes easy to be VERY patient. This needs to be emphasised. In dealing with ANY investment market, knowledge and understanding of basic economic and financial principles are a necessary pre-requisite. Such knowledge does not guarantee success in investment markets, but it does maximise the chance for success. Even more important, it puts the individual on an even keel and minimises the possibility of making unconsidered and rash actions. And most important of all, it imbues the great virtue of patience. Patience, in this context is simply the calm which comes from recognising that if "A" is being done, then "B" must follow. It may not follow right away, it may take years for it to follow, but it WILL follow. To take one simple example: If a nation increases its sovereign debt from $US 1 TRILLION to $US 6 TRILLION over a twenty year plus period, and if most of the new "money" created on the base of that sovereign debt goes into the stock market, then that stock market will boom. At some point, the point where the debt saturates the financial system beyond the capacity of any conceivable means invented in the meantime to "share out" the risk associated with that debt, the boom will end." the-privateer.com