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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?


To: Wade who wrote (19922)6/22/2010 4:44:04 PM
From: rubbersoul  Read Replies (2) | Respond to of 48092
 
I bought some PMs back cheaper - SLW, SSRI, OGC.TO, MFL.TO. Bought a new position in IAG/IMG. 25% cash, 10% HGD.



To: Wade who wrote (19922)6/22/2010 5:21:05 PM
From: rubbersoul  Read Replies (1) | Respond to of 48092
 
I like point #22:

22. Most importantly for leveraged traders, when you are out, don’t go to 100% cash. That’s the ultimate in stupidity and you now risk being hyperinflated off the map by the gold punisher. If you are using 10 to 1 leverage, or more, then go to GOLD. Go to zero leverage but stay IN gold. The same applies to SILVER traders. Don’t go to cash when you think silver is a sell; rather, go to GOLD. That way, if you are wrong and silver keeps rising, gold is likely to rise. If you are correct, gold is likely to fall less than silver. Think ounces of wealth, not rolls of burning government toilet paper money, and do so for the next 12 months.