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


To: re3 who wrote (11494)5/26/2003 8:15:56 PM
From: gold$10k  Read Replies (2) | Respond to of 39344
 
re: back up the truck...

<<Suppose you buy one of these stocks at say $0.15 and then it stays at that price for several more weeks, or even a couple of months, maybe even dips to $0.10 - who cares? These stocks are going up by a factor of five or tenfold over the next several years (IMHO, of course).>>

I've heard these arguments before and I agree (if you can maintain that long-term perspective through many disappointing ups and downs), although it may take more than several years (I expect the top in gold and gold shares in 2012, BWDIK). Moreover, I find it interesting that articles like this seem to appear at times when gold and gold shares are arguably much closer to an intermediate term top than an intermediate term bottom. OTOH, I wouldn't complain too much about selling my remaining juniors at significantly higher prices in the next week or two. <g>