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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (49854)	1/16/2006 6:33:30 AM
From: LLCF	Respond to of 110194

<I suggest you investigate a better predictive method for gold stocks. > My P&L says something quite different. <They are pretty predictive. Mainly because they run more on emotion.> Yes, and as I said, I do trade that with a portion of my portfolio. For me it's impossible to trade the whole thing. I think if you look at larger 'emotional cycles' as well, you'll notice that on a long term basis there was a massive negative psychology and hence bottom in the mining sector, and PM's in particular that reached it's peak around the time George Gilder was declaring investing in virtual gold (pedibits or some such thing... my dog eats those I think) would grow you money to the sky. So, buying and holding at that time needed no replacement. In fact, clearly buying every dip since then unless one was already fully invested in the sector worked out great. DAK BTW, I AM selling gold shares now, I'll be selling tomorrow and again when the US opens Tuesday. That doesn't mean one should ever sell ALL their gold. IMHO that would be stupid, because no one ever knows when a MCHVE may happen in which sentiment and RSI charts, while "normally" reliable get tossed out with the rest of they hypothetically 'normal' distributions and trading strategies.