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: Andrew who wrote (20179)	11/26/2009 6:38:24 AM
From: Herb Duncan	Respond to of 29622

Re junk penny stocks, it is important for anyone new at this game to remember: when the wind blows strong enough even the turkeys will fly. As gold goes higher every piece of useless paper will hit the market. My favorite, :Consolidated Moose. Phsssssst...... I like you wanna buy some and get in on the ground floor?

To: Andrew who wrote (20179)	11/26/2009 7:35:27 AM
From: loantech	Respond to of 29622

Hello Andrew, Good to see you back. Happy Thanksgiving. I sold a bunch last week prior to option expiration and my stocks continued up so bought back Monday. This AM we are in the red so may whipsaw myself. I am a bad timer.I guess I will go with the prognosticators that say we may reach 1350 or so before a meaningful correction BWDIK. I think seasonality favors stocks in January through February not sure about March. I have moved away from the penny's now into junior producers, IE: HL, ANV, SGR, RIC, JAG etc. tom

To: Andrew who wrote (20179)	11/26/2009 8:34:57 AM
From: TheSlowLane	Read Replies (1) \| Respond to of 29622

Andrew - I suspect you may be right. I think Sinclair has also said recently that the juniors may provide the best returns in the near term. I believe that Paulson is launching his gold stock fund early next year so that would tend to support the view that the sector will have a strong tailwind. tsl

To: Andrew who wrote (20179)	12/16/2009 3:55:06 AM
From: Andrew	1 Recommendation Read Replies (2) \| Respond to of 29622

I'm thinking I did the right thing selling some into this recent rally. I have raised cash to just over 50% and still hold some Gold stocks as well as one oil stock which I believe is a special situation ( any stock that rises while the commodity they produce is dropping in price must be good? lol) GTE if anyone cares. I want to start buying but I'm not feeling it just yet. Major support for Gold I see is around 1000. As always I can be and am often wrong. I'm not going to rush back in just yet 100%. I still have good exposure to Gold stocks and though I've always been better at picking tops (I made first post in a year right at the recent top) I'm not as good at picking bottoms. But I do think this will be a short correction. Too many reasons for Gold to go up here IMO.