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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?

To: posthumousone who wrote (42610)	9/27/2011 11:59:08 PM
From: TH	Respond to of 119360

ph, Sure. It is likely and probable that miners will suffer if the market tanks. The odds favor that. But, been trading the miners long enough to know that they do the unexpected this time of year. Since I bought a few at or near 52 weeks lows, I'm inclined to give them a bit of room. Worst case is that if they do sell off, I'll hold them and then double or triple when a true bottom has formed. I'm prepared to wait a while, as I do think they lead the next phase in gold. As for the market, a few people have asked why not short. I just have a bad feeling that something is in the works and it might be big. I believe the wacking in gold is to make room for this next big thing. Whatever it is, it will fail in time. But, I'm not playing it long. I'm just neutral here and that is ok if I miss a big move up or down. To be honest, I don't know where the general market is going to go, so rather than guess, I'll just sit this one out. The reason I'll hold miners is that I believe they have a fundamental driver, so if wrong, I don't feel like I'm long something I absolutely do not believe in (like say, uh the RUT <ng>). And, I'm playing small. I only have 70,000 shares of miners here. GT TH