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

To: akgoldbug$20K who wrote (30879)	8/28/2011 5:29:19 AM
From: TheSlowLane	1 Recommendation Read Replies (2) \| Respond to of 48092

Nice charts, thanks for those! None of us can know for sure if 1700 was the bottom of this pullback or not. Gold could go to 1600 or even well below that without violating the long-term trend. That said, I would not, in this phase of the market, even consider tinkering with core positions. What percent of a PF a person considers core is a subjective and individual decision. I like the approach of identifying a few likely pullback areas and then placing buy orders at those levels, in increasing size at each of the lower price points (what S. Thomson refers to as the pyramid generator). I am of the opinion that this pullback will be shallower than many participants want to see as that would be typical of how the bull market works to shake em off and keep em off. Alternatively, we could see the lower price objectives get hit but on lightning fast intraday swings that achieve the technical targets while allowing as few people as possible to respond to that. At any rate...I don't think anyone can say it's been boring! As for great juniors...do you have any criteria other than potential 5-10X returns? tsl