Re: To Sinbob....hey, no fair!
in response to
by
posted on
Jan 03, 2009 03:09PM
Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.
The gravy train like most trains start slowly until they build up momentum.
Wanting to control the dollars slide I would have gold and bullion as my first targets. Paper gold and silver is an easy given as as means to the above end, hence number two. Then remains the biggest and largest target, PM stocks.
Any stock, particularly gold because it is seen as "The real money" that has a large resource and production rate would be in the third category. Hence Ecu with it's large resource is a very likely candidate for manipulation and hidden aquisition at the manipulated low price. Sooner or later the cream rises to the top because the best can not be kept down forever, merely slowed. And there is plenty of incentive to keep the better stocks down as long as possible.-
I feel that funds in trouble have gotten rid of the junior stocks first, now they are
selling some of their larger and safer caps. Yes I think that the selling is far from over, many financial institutions have not finished writing off or even completely declaring their losses. They are delaying to spread out the load and not appear weak in the mean time.
But the juniors in particular have not only hit bottom this fall but are now showing signs of recovery. Most of my stocks are up, some up to 100% from the low of last year.
My regret is that I bought as they were going down and used up my cash reserves well before they reached bottom and I was not able to take advantage of the very bottom.
Hence the gains for me are just on paper and that my losses no longer look as great as they did a month ago.
I say patience. Aquire if you have the means before the train aquires it's momentum.