How are you doin?
posted on
Jan 21, 2008 06:45AM
All of my stocks are in the red except for three which do not trade, two of these are warrants. The non-traders have the bids well down so considered red also.
Martin Luther day? in the States, so US markets are closed, right?
Well that does not stop anyone from taking the hot air out of the gold price on the European markets.
Today I sold a few shares in one gold play and bought in another because the one that I bought is a popular explorer whose price goes up and down with gold price like a yoyo, while the one I sold is an established holder of about 15 million ounces of Au and is in the process of building a mine. What that means is that it is a relatively rock steady stock and does not vary much. I switched to the variable one during this down turn with the hope of switching back when gold price returns to $900 range.
Useless info to you? Perhaps.
ECU is basicly as explorer and it should also go up and down with silver price like a yoyo, But It Does Not! OH, you say it does? Ten percent change does not a yoyo make in this market situation, that is my opinion. Otherwise I would have sold someting steady and put it into ECU also, wait for silver to rise, perhaps with the resource report and garner the profits afterward.
If you disagree, of course follow this idea, I will have nothing against you and that is why I am posting the suggestion.
There is a method to my madness. You buying now will support the price in negative times.
It sure takes a lot of patience does it not? It would probably drive some saints to maddness. Such is the price of prospective good profits.
Cheers, Ed G.