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

To: Proud Deplorable who wrote (63624)	2/22/2009 8:41:37 AM
From: TheSlowLane	5 Recommendations Read Replies (2) \| Respond to of 78408

I like Turk's big picture analysis but his record on the short-term is uneven. He himself said in another recent interview or article, that he has gotten burned every year for the past two or three years on his year-end targets for gold and silver. So he is a little more reticent now on those, but no question that he has gotten the long-term trend absolutely right. In the first part of that segment, Puplava and Barbera both said that they are preparing for an imminent correction in the gold market by selling down their positions. Puplava said that he is now 50% cash (including bonds) and that he has been selling his mining shares recently. This is a marked departure from the advice he has been routinely dispensing for years, specifically, that investors should simply accumulate shares of mining stocks on a regular basis (particularly juniors) and not worry about price. He used to say that the object was to have as many shares as possible by the end of the bull market. Clearly he changed his strategy somewhere along the way, shifting his focus to larger-cap issues and his approach to more of a trading stance than purely buy and hold but I am not sure he ever explicitly announced this shift. Barbera is looking for a correction that could go as deep as $850, but also acknowledge the possibility that gold could continue to move higher into the four figures. In that scenario, he believes that gold will move relentlessly higher for many months, which will provide him plenty of opportunity to get re-positioned. I think we will get some clarity on this pretty soon.