SI
SI
discoversearch

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.
Non-Tech : The Woodshed -- Ignore unavailable to you. Want to Upgrade?


To: TH who wrote (16906)11/20/2004 10:02:04 PM
From: blind-geezer  Read Replies (1) | Respond to of 60907
 
<<Those two are golds aces in the hole>>

that reminds me of the dude who is a pimp, on his resume, he puts down his occupation as a 'holesaler' ...



To: TH who wrote (16906)11/21/2004 7:41:50 AM
From: TheSlowLane  Read Replies (1) | Respond to of 60907
 
TH - interesting situation to contemplate. One of the participants on the Coxe call this week confessed that he had not gotten his clients any exposure to gold just yet and asked Coxe if he should wait for a pullback or just bite the bullet and get real (my words, not his, but you get the drift). Coxe admitted that short-term timing is not his strength but said he takes a Calvinist type of philosophy in such situations, namely, if you know that there is something that you should do, even if it may induce some short-term pain then you should do it anyway because it's right. So...that's it for the Sunday sermon.

p.s. Keep in mind that Coxe's primary audience is institutional investors and hedge funds that manage billions of dollars. If you assume that the caller was even somewhat representative of the audience, then Coxe's audience pulling the trigger on the advice he has been dispensing (new money allocated to natural resources should go primarily into gold stocks now) will be as easy as pushing a watermelon through a garden hose, given the market cap of the entire sector.