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


To: No BS here who wrote (18367)8/28/2003 1:59:13 AM
From: No BS here  Read Replies (2) | Respond to of 39344
 
Hers some food for thought for ALL of us!!!!!!!!!!
Selling strength means that you sell into the rally without attempting to attain the highest price so you can brag to your friends. You sell some every day as the situations appreciate. You do not re-buy anything.

As gold approaches $400, I would sell some of my junior issues. Sit back and take stock of what you have done and what you plan to do. Don't let the proceeds burn a hole in your pocket

Do not wait for $430 gold which may or may not occur. Even if it does, junior sector participation in the market is not large and the entire Community cannot step out at the same time in the same issues.

Start tomorrow on those that give you concern and do some selling every day until you have accomplished the liquidation. That is selling strength.

Trade Smart and Stay Disciplined!
THIS is what i will do especially the dogs that he is referring to above!then take a few days off and re focus!!!!!!!!!!happy trading!!



To: No BS here who wrote (18367)8/28/2003 3:28:45 AM
From: Andrew  Respond to of 39344
 
Exactly, I wonder if ther are any LCTM's on the horizon if gold really breaks loose here.

The last breakout through a major resistance was when gold broke through 330 and climbed to 390 in about 1 month

Lets see 365 plus 60 = 425

Oh and if they've been long bonds also.

I dont really think we'll see 425 in a month but if someone gets squeezed...