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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: loantech who wrote (14644)6/28/2006 9:52:14 PM
From: TH  Read Replies (1) | Respond to of 78419
 
Hello Tom,

I liked it better when I thought you wrote it <g>

Regarding miners and POG. As you know, I am the undisputed SI champion and master of confusion. No one on SI is ever more perplexed by the market than me. I can raise confusion to an art form.

With that said, I sold everything except bullion last Friday. I had made a good sized buy of GG, GLG, NG, SA, GFI, (and some droopy) a week before on the 14th and those buys turned out to be very lucky. Sold them and my PMPIX Profunds and went into double-confusion mode.

The reason for my confusion is this new guy Ben. I've been debating with another trader here at SI (a much better trader than me) if Ben is another ivory tower novice or a super genius. So far there is no consensus on this topic, so I choose to wait and see.

I am medium and long term bullish on POG and the miners, but seasonal factors concern me, as does this Blackhawk Ben character.

The majority of my assets are in bullion to protect me from myself (hard to sell that heavy stuff), and I've only parted with about 4% of it right at $720. I miss that 4% and plan to buy it back sometime soon.

So, clearly my confusion is clear and I'm directionless for the very near term.

I hope to buy back all my miners very soon, but the risk/reward is not yet attractive to me.

Best of luck and good trading.

Nice thread btw. I've been lurking every since you sent me the link.

GT
TH