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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (1761)	10/23/1998 12:12:00 AM
From: ForYourEyesOnly	Read Replies (1) \| Respond to of 81092

Thanks for the sincere advice! I think you are truly correct about needing to have a clear vision of one's own strategy. 1. Junior Mining Shares I am in the process of purchasing a basket of junior mining shares, which I hope will appreciate significantly if the POG & the POS move up. Since it is not feasible for me to "micro-monitor" the prices of a large number of junior shares and move in and out of them on small price moves, I am just "buying & holding". Most of them are 1/40 to 1/10 of historical highs, so I really don't feel the need to try to scalp every $1/32 that they move. I'll just sit & wait....if it doesn't happen, then I WAS WRONG. 2. Futures I was squashed by the recent yen move, so I will be very careful to move in & out as necessary. I have begun taking records & making simple bar charts of silver/Pt/gold BY HAND so as to get a more intimate feel for the price moves. This may seem archaic, but I think it may be more effective than trying to follow too many "high tech" charts & indicators. I think having a simple system for following & making buy/sell decisions may take the stress/indecision out of it. I am currently considering the following simple system. A. Basic buy/sell signals on new high/low compared w/previous 3 days' closing prices. B. Only take buy signals (no shorting) on assumption that long term direction is up from here. C. Only take buy signals that appear to match long term chart patterns (move up after hitting resistance, etc.) D. Sell as soon as sell signal in "A" above is hit. Any advice/ideas???? TIA! THC