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

To: jrhana who wrote (12735)	6/19/2003 10:11:39 AM
From: Claude Cormier	Read Replies (2) \| Respond to of 39344

That is certainly one way to go. And if he is good at market timing switching in and out of the gold funds he can be extremely profitable. But not as profitable as when you are good at selecting individual stocks. It was fairly easy to make 300-500% percent in the 2000-2003 gold rally with some very safe bets like Glamis Gold and others... Funds have not done as well. When gold is in a trading range, and you buy and gold funds, you basically make no money. One must trade them to make money. On the other hand, individual stocks have thor own life, as CDU just proved it. It is a balancing act, for those who stay in stokcs. How much must own of CDU? SVL? CKG? NSU? GBG? and so on. This balance act needs a lot of work. Of course, if you are into stocks and have the bad habit of falling in live too often and end up with a large position (above 15% of your PF) in a loosing proposition... you can be hurt badly. When investing/trading stocks, diversification (not too much otherwise it becomes a proxy for ignorance) and portfolio distribution are of extreme importance.