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


To: NOW who wrote (15447)10/8/2008 12:59:01 AM
From: TH  Read Replies (1) | Respond to of 29622
 
te,

Honestly, I don't know. I have had many calls from friends that I offer some guidance to from time to time. I told everyone of them to sell all their stocks (except miners of course!) back in March and April. Some did and are now looking to buy something, but some didn't and there is of course much pain.

I hold most of my assets in bullion and will continue to do so. Miners certainly are not doing what I expected. I expect that to resolve at some point, with miners rocketing or gold crashing. I really don't see a high probability that gold will crash in the current situation or the rebuilding phase that will follow (probably for years).

I'm as perplexed and without firm opinions on what the next good play might be.

GT
TH