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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (56470)	10/14/2009 6:09:16 PM
From: carranza2	Read Replies (1) \| Respond to of 217906

I should have mentioned that cash and cash equivalents constitute the bulk of my positions. Also, I have no weak positions, at least none whose weakness I recognize. vbg. I am very happy being mostly in PMs and energy for the holdings I do have. My thinking is that the strength we have seen in the PM upsurge is likely to correct. The stops I've put in place are designed to capture some of my present profit but to also allow re-purchase of the positions at lower prices. For example, the gold positions stop assumes a drop in the POG to about $935. If gold indeed goes to that level, I think it will be poised to fall a lot more, all within a secular bull market for PMs, implying an ultimate rise above present levels. My plan, if the stops get hit, is to buy whenever it appears it has bottomed out. Perhaps gold will surprise us all, never correct.....yeah, right, and if you believe that.....