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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: inchingup who wrote (5197)	5/4/2007 4:07:27 PM
From: RonMerks	Read Replies (1) \| Respond to of 50281

Re- 'So, when did you put out your "buy" signal for gold?' I think you're lost. This isn't a daytraders room and I've never felt the urge, or need- to 'make a call'. My comment wasn't about 'my call'- it was about 'the call' that every card-carrying permabug on Kitco, Gold-Eagle and SI made. The same WRONG damn 'call' they've made each time gold has bounced. But, to answer your question- I put out my first buy signal on gold on a bright, sunny day back on August 15th, 1971. I'd guess that you were still a stain on you mothers sheet at that time. For what its worth- holding gold has never really been that profitable. An average tract home in suburbia would now have returned more than gold bought on that day and the stock market would have returned a multiple of what gold has. Holding doesn't make you money. You only make money when you finally sell higher than you bought. It's all about when you sell- not about 'holding.' Hope that helps. Ron Oh, and PS- I bet you were one of those who was not just holding- but HOLDING TIGHT (lol!)