Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: dara who wrote (15264)	7/31/2003 11:43:04 PM
From: gold$10k	Respond to of 39344

<<take profits and protect your gains>> Always a good idea. Thanks for the link to the article.

To: dara who wrote (15264)	8/1/2003 12:48:49 AM
From: Canuck Dave	Respond to of 39344

Yeah, I saw it earlier. It's one factor, that's for sure. A pretty big factor. When consumption drops, so will the stock market and some of the money will run back to bonds. The game of musical chairs will get faster and faster, or maybe we'll get to a new equilibrium. No sense trying to predict the future. We're in uncharted waters. Lurking for 2 years. Boy, I wish I had your patience, LOL. Actually, I got a free lifetime membership back in the glory days for writing an article on an internet company for SI. I got some SI T-shirts, too. The company I wrote about no longer exists. And of course, I know who you are, LOL. CD

To: dara who wrote (15264)	8/1/2003 12:58:23 AM
From: Proud Deplorable	Read Replies (1) \| Respond to of 39344

daraynor re: Moriarty " And as I mentioned above, gold and silver shares may well get hammered with the general market. Now more than ever, if you ride gold stocks up 100, 200, 300-400%, take profits and protect your gains, no matter how popular the shares get. If the market gets hammered, so will the metals shares." Instead of telling me to take my profits on Cardero, he told me to wait as it will be a "Ten Bagger". It was 1.70 at the time. It crashed to .55 I wonder if he took his own advice. I don't agree with him BTW. First the public will flood into the shares and they will hit the moon and then when they think about it more they will realize that the stock market isn't going to be the final answer and then they will accumulate the actual metal and start selling their shares. Sorry Bob, the market is brainwashed that the economy will survive and that stocks are the only answer and if they think the economy is in real trouble they will still buy some stocks. When most of the other stocks start sinking, sure many will sell PMs also but then there will also be plenty of new buyers who will move out of general stocks and into PM stocks to offset downward pressure on these. There is also one main FLAW in his argument. If the economy collapses, there will be anarchy and if dollars become worthless but gold is the ticket to get you fed and housed and it becomes known that you have stores of gold, then unfortunately your life will be worthless because as soon as someone sees that you have gold....well.....remember that there will be total lawlessness. Can you guess the result ? No, Bob's wrong. Stay in the gold stocks until they are the subject for discussion at everyones dinner table and there is panic buying and THEN sell. Bull markets only end when there is climatic buying. Conversely bear markets don't end until EVERYONE hates stocks and laughs at the notion of buying them. Trading them at this point can see you trade yourself right out of a good position. This is the time to pick wisely and accumulate PM stocks in anticipation of the next phase of the bull market. There are PM stocks to trade and these are usually the explorers and then there are those which will get the large %age of publicity like Newmont and they will rocket first so make sure you have some of them. Then when the tide rises it will take all the boats up with it but from the top quality ones downwards. I don't think that the moves in the juniors we are seeing now is the really big move they will have when the general public start looking past the seniors for other possibilities. ralphie jmo