Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: ItsAllCyclical who wrote (17773)	2/26/2009 7:11:14 AM
From: ecrire	1 Recommendation Read Replies (1) \| Respond to of 29622

I think 920 is too optimistic.The Gold bull train is stalled. Sell any rallies.

To: ItsAllCyclical who wrote (17773)	3/4/2009 11:38:07 AM
From: ItsAllCyclical	1 Recommendation Respond to of 29622

We hit hit 920 POG, but I'm still not interested yet in adding back more. Gen. markets likely a bit higher ST due to oversold nature, but after looks like more downside coming. Gold and gold stocks have been trading more in synch w/gen markets of late and it appears we're in another liquidation cycle. I sold more of my core issues today as well to raise a bit more cash. About 10% gold stocks here as my core. Have some physical as well. Was going to add here, but want to see how gold handles the next 20-30 down. Critical area. I'll likely be adding back some gen market shorts tomorrow if we're higher again. Right now risk/reward is too equal ST. Biggest problem w/the gold stocks is the earnings are just not there. They might be eventually, but this Q was nothing to get excited about and we had much lower energy prices. Too many secondaries as well. I wonder what a GDX chart would look like over the years if you factored in all the new shares? GE in crash mode is pretty ominous for almost everything ST. I like gold as an asset class going forward over the next few years I'm just not in love (yet). I think it's going to take several asset classes to survive the storm.