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

To: tyc:> who wrote (61018)	9/4/2008 8:21:02 AM
From: tyc:>	Respond to of 78418

One thing I might add. I think it would be a mistake to trade up to securities that are less volatile. There are plenty of trading opportunities within the volatile sector where one should remain to benefit from the end of the "reverse bubble" if/when it comes. (Of course one should always be diversified... I'm saying that the volatile portion of a PF should not be reduced)

To: tyc:> who wrote (61018)	9/4/2008 10:33:15 AM
From: Valuepro	Read Replies (1) \| Respond to of 78418

tcy, sorry. I was not disagreeing with your suggestion of a reverse bubble. It is an interesting concept, and speaks to very real instances of market psychology. Trends are as capable of exceeding the mean to the downside as they are to the upside. I was only addressing the idea that no one makes a fortune speculating in mining. It does happen, but the frequency of such is most notable during the manic phases of the market that come about 2-4 times per century. The last time that happened was in the late 70's, so we are time-wise closer to a new manic phase than we are just out of one. In the late 70's even dogs of prospectors rose by several hundred percent. Companies with real assets to develop/sell went on to rise thousands of percent - and in some cases tens of thousand of percent. Did I make a fortune then? No, I was still green in age and knowledge, and had little money at stake. But, I did come through that period better off than before.