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

To: marcos who wrote (66524)	7/30/2009 7:26:03 AM
From: tyc:>	Respond to of 78409

>>.. maybe there are people who know ... for sure there will be people who say they know, and charge you big bucks to tell you, and then be wrong I couldn't agree more. Why even try to assess macro fundamentals ? I cannot do it. Moreover what's the point when there's money to be made in following prices higher ? For TRX, copper above C$2.65 per lb means it covers mining costs, I believe, and its above that even today at C$2.70. FWIW,I shorted gold a couple of days ago, just because of its current down-trend in C$. Actually, I made my first "pairs" trade, shorting gold and buying Goldcorp. Wouldn't you know it? G fell by a greater percentage than GLD, and my pair lost value. But I concluded that the move would have been more appropriate if I had been more bullish on gold. Perhaps gold stocks display a higher "gold-beta"; they'll fall more than gold in a decline but gain faster than gold in an upswing. The gold short is still a good hedge for my gold stocks, which promise growth through profitable reinvestment of fantastic cash flow. I shall probably extend my sterile short providing funds for more profitable stocks. Too bad you sold ML. I keep telling you Marcos, stick with the trend ! Cut your losses short and let your profits ride !(Just kidding !)