posted on
Jan 14, 2011 10:56AM
I should sell also.
As I look at this moment gold is $1364/oz. and many of my PM stocks are at bargain prices that I have not seen for weeks and months.
I am confident that gold will go back up above $1400 fairly soon and so will the prices of these PM stocks. So why should I tie up my $s in NOT if I am fairly confident of a nice profit fairly soon in PMs?
I am sure that there are sellers of that mind and parting with their shares. That is what some are waiting for, cheap shares from tired NOT investors.
Each cook makes his own stew the way he likes it and ends up eating it. Some are impatient and are tasting a bit of burnt carbon. Others have theirs on low heat and are patiently waiting for the flavours to blend.
We all make our decisions and should be content with ourselves. It makes no sense to be complaining because we made what appears today to be a wrong decision.
Some expect news any day. What if it does not come by end of January?
Sure the management is giving us a raw deal. You know it, I know it and probably most of the market, hence the comments and even analyst 'reports'.
I say, the metals are in the ground, they are worth many times the cost of extracting it so the profit potential is exceptional.
So when I hear swamp land, worthless or similar, I just laugh and ponder just how naive people can be. On the other hand, how scrupulous and without conscience other people can be - pityfull.
Such is life and we have to accept it. Cheers to the patient. Ed.