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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (31296)	7/7/2003 12:59:37 AM
From: rails99	Respond to of 36161

Hi Iso: Many subjects follow: I ramble tonight. Good fortune with the PMs. Still have some CKG (tse) but waiting for re-entry on others. I am underweight yellow metal for now and do not like it. I believe Slider has a point about not wasting trading fees till gold moves up or down considerably. I also give a lot of weight to Claude's basic premise about a 60:1 gold/silver ratio level before piling onto the silver bandwagon. With those theories in mind, I know I can not afford to take chances in a topping market. Sold the BME (Burmis) at Can$0.85 for about 50% gain, but missed the top dollar by 15% I suppose. I watch it, but no lower prices as of yet. Took a cue from the thread and got out of the NCN and PVX completely for now. Just main holding in PTR now with small portions of the YZC and CEO. I can not see BP or BRK exiting such massive investments very quickly. Couple of the foreign stock funds seem to be doing the same for the income. Art collecting is an interesting investment. As you indicate, one must know the market and wait for opportunity. It can be exactly one of those "just wait till the money is in a pile in the corner and go scoop it up" types of investments. How did you learn the oriental rug values and the finer points of collecting those objects? Your EENC trade has to have been one of the better selections; very similar to Claude Cormier's picks on SWG and the other gold miner bot by GLG (thinking that was FGX?, will not look back on what it was tonight). Would you happen to recall at what price Buffet bot USG? That may be one of the greatest trades yet, and the story is yet to unfold completely on that particular trade. I had USG for a while this year, but bailed out before any profit developed. Back to PMs, tight stops or let em run for a week or so? Best Wishes; Rails