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

To: re3 who wrote (26418)	1/6/2004 6:27:16 AM
From: jrhana	Read Replies (1) \| Respond to of 39344

<I sold a fair bit yesterday> How can you sell what you do not have?

To: re3 who wrote (26418)	1/6/2004 12:01:16 PM
From: bmccra	Respond to of 39344

I absolutely agree with your post and I hope that you do continue to comment on this thread. I appreciate hearing when and why individuals are exercising caution in the sector or on an individual issue, and I have been reducing some positions on strength also. It is about making and keeping money as you say, and selling positions or buying puts for insurance is part of that IMO in this volatile sector. In reviewing my trading for 2003 a short position and long puts on Goldcorp at the beginning of last year was one of my better contributors to a great year in terms of performance. While I have remained net long in PM’s since 1999 I will and do try balance my portfolio with varying cash levels and select shorts on specific stocks that I feel have gotten ahead of themselves when I feel things get too frothy. Regardless, I hope that you continue to contribute to the thread and that we can all try to remain on topic. I remain very bullish PM’s longterm, but having all posters remain superbulls at all times does not help me in trying to trade. Thanks, b