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

To: SliderOnTheBlack who wrote (8113)	2/28/2008 10:10:27 AM
From: bullbud	Respond to of 50538

Yup, it is about reality. Reality sells to emotion. That's why only the chart is my friend. Can't listen to even the most respected (among goldbugs) gurus. Sinclair can poo poo every correction as "foolish" etc. but reality is, all prices fluctuate. The REASON they do is inconsequential. Meanwhile, GSS beat the street today.

To: SliderOnTheBlack who wrote (8113)	2/28/2008 10:15:40 AM
From: Wayne Campbell	Read Replies (3) \| Respond to of 50538

NEM, Goldcorp, Barrick, etc should be a relatively small set of "tradeable" positions in an overall precious metal portfolio. Don't be afraid to sell these during crazy-silly days and buy them during significant dips. These should provide some returns, and maybe one or two will get taken out at a quick premium. Real success will come by buying a basket of junior explorers that have good management, good properties in a variety of jurisditions (stable is best, but value can be found in percieved to be unstable (Ecuador for example) jurisdictions. These juniors cannot easily be traded. You must wait for continuing or new exploration success to drive them to 3, 5 and 10 baggers. Then dribble the shares out to eager buyers during strong days. As slider says it feels wrong to watch the stock continue upward after selling, but it has to be done. You are simple going to the casino and picking up a load of cash. Take the cash out of your account. Buy land. You will have dead or dying positions in a number of your stocks. Leave them alone. If you can find good reason, buy more of the really good ones. Often times these are stocks that turn into the really big winners. Some, maybe most will go to zero, but the great thing about mining stocks is that they never truely die. I have held issues for 10 years at near 0 that suddenly come to life and actually make a pretty good return. Can't say that about some "blue chips" I have held. Don't overweight and don't overtrade and don't put everything you have into commodities. Diversify your metals, jurisdictions, market caps, etc. Keep cash available for downdrafts. There were some great deals six weeks ago. But buying then felt wrong, it was hard to do, heart was pounding as you hit the buy button. These are all the signs that you have done the correct thing. If this bull run continues as it should for several years, a few of your picks will double quadruple; hopefully one will be a life changer. You will forget you ever owned most of the others. You can locate some of these stocks right here on SI. Conservative newsletters like Investors Digest are now loaded with analysis of small mining companies. Go to the PDAC convention next week in Toronto. Read till your eyes bleed. And remember this is the easy part. Selling is harder by an order of magnitude. This same strategy will work for any sector. Worked very well for the internet boom, but there was a very limited time frame for selling. I was lucky and had dribbled out most of my shares, even though they continued to double almost weekly, I kept selling...used some of the cash for the mortgage and some to play in extremely depressed gold sector...you could buy some junior gold miners for a few cents more than the cash they had in the bank..the drilled off gold projects essentially free, their ongoing exploration was a minus because who would be stupid enought to look for something no on wanted. Mining was dead. Fibre optics can do everything. I digress. As everyone knows, the dotcom boom was over..very suddenly, nobody wanted what a few weeks ago no one could get enough of. Very surreal. This knowledge the the music will stop eventually has to be kept in the back of your mind, but not enough to paralyze your rational thinking. This may be the biggest trick that great traders master Wayne on the Campbell

To: SliderOnTheBlack who wrote (8113)	2/28/2008 11:06:24 AM
From: RonMerks	Read Replies (3) \| Respond to of 50538

Re-'Individual stock picking will become more, and more critical from here on out... ie: this two year chart:' How long do you think it will take the permabull pundits who have been pimping pump and dump juniors all the way into the toilet to come clean on that. This article by Saville is one of about 10 that I've read from newsletter writers who loaded everyone into juniors that haven't gone anywhere- who are crying about how cheap they are and making excuses on why they havent gone anywhere. Saville has a note on his chart where he says that the HUI breakout is not indicative of what is going on with most gold stocks!?!?!?!?!?!?!?!?!?! WHAT"!?!?!?!? It's the F#$%#'n index! If you can't beat that- find another damn job! safehaven.com And Slider- you didn't answer my question about Dennis Gartman? The last 4 times he's been on CNBC he's danced and dodged specifics on everything. From here on out- he shall be known as 'Dennis Fartman' - he who is long of hot air and himself. Here's an interesting chart- I've been nibbling on all three of these. FNM? You got balls of steel on that one my friend. And it is up almost 5% today. Youre on quite a roll lately. Ron