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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jamey who wrote (7575)	8/12/2007 10:47:18 PM
From: jimsioi	Read Replies (1) \| Respond to of 29622

Fortunate Son, junior golds not my thing... Sorry, like to help you but junior golds are not my thing...more Value Traders'; he'd likely lead you to a source of information...for me confusion and anxiety.. If I were to pick one it would be RBY- owned it; lost money... finance.yahoo.com The problem I have with juniors is that even with good information one needs to have a basket...I prefer to have fewer holding not more, so that takes me away from that field... I have been known to have some explorers and developer juniors in the Uranium group...did well on most of those but the bull market was so strong, really it was only a matter of getting in and getting out...selection wasn't that important...But buy and holders they proved not to be...only have UEX.to and AXU.to in that group currently...and they are both sliding. Oh, and I have in the junior space, QTA.v, which IS WORTH looking at...the people there have been responsible for some very big and successful finds and have a great group of properties they are working that span Silver, Copper and Uranium...I'm betting in the next two years they hit again, but am not betting too heavily until the stocks clears $3.60 again, though it looks to have found support just above $3...Maybe I'll buy a little more down here, now that you have perked my interest. stockcharts.com So there are two...QTA.V and RBY...Are they the best...I haven't a clue...really. My gut feeling is that I could make as much money and have less headaches with a five stock portfolio comprised of the combination of GLD (Gold etf), FXI (Chinese Top 25 stock ETF), CSCO, XLE (energy ETF) and ML.to (current copper and future copper / moly producer) than with more diversification.... Might substitute out CNQ for XLE....If I wasn't so in love with or wanting to get even on the rest of the lot I currently own, I would cut that down to that portfolio of five.... It would be alot easier to manage; they all trade on the US exchanges (with the exception of ML.to) and are highly liquid, with the exception of ML.to, again, which I'd expect to be the percentage winner...Oh darn, one probably needs a fertilizer stock....see there I go, more ideas than just FIVE...ok SEVEN OR EIGHT... Jesse Livermore would limit himself to only five stocks in the strongest two groups... Thinking about it that makes tremendous sense...always maintained AT LEAST 25% cash... Thinking about it here out loud, a strategy that I'd pursue, after making gobs of money on the darlyings in my portfolio, would be first to have 33% cash, mminimum, second to have 15% GOLD (min) so I'd be 48% cash and GOLD....then with the remainder I'd buy five stocks in the strongest groups that were highly liquid and on which one could sell some options for income...The opinion strategy would involve of course owning the stock, selling a current month at the money or slightly out of the money call, depending on where the stock was in its range, AND BUYING a distant out of the money put...With highly volitile stocks I find three months of call premiums pays for the put and after that one has a very low risk income generating position...but that might be more thought than I'd want to put into it..the more decisions the more mistakes... Gold Cash, five stocks in the strongest groups...no long term relationships...someday....