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

To: charcoal who wrote (31869)	10/6/2011 10:17:12 PM
From: gold$10k	3 Recommendations Read Replies (1) \| Respond to of 48092

<<these are some of the best prices we will see for a very long time>> Yes, but... 1. it is still October which has a history of ending with SPX at a low 2. PMs have been rising and falling with SPX 3. SPX ended the day exactly at resistance 4. GDX is just below resistance 5. Typically there is a re-test of the lows with the possible exception of an inverse H&S which would still provide an opportunity to buy the right shoulder. When I am uncertain in a situation like this, I will often sell half (in effect that's what I have done with puts) to guarantee that I will be at least half right. Ultimately each of us must do what makes sense and feels comfortable. What makes sense and feels comfortable to me now is much different than it was 12 years ago. My current approach is not for everyone. Ultimately gold, silver, and related investments will all go to the moon and the current volatility (nothing new in this sector) will seem of little consequence. Believe in yourself Choose peace Don't lose your position