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Message: Not to worry

Not to worry

posted on Aug 11, 2008 08:00PM

I say let it fall it will only allow me to pick up more shares at a far better price than I could have ever hoped for. The fundamentals have not changed and as a veteran of investing things do not always go up in a straight line. The states are still hugely in debt and the world is still a dangerous and unpredictable place. I have noted these 300 plus point swings in the market are only there when we are in a bull market and if I remember correctly last year we where at a low in August and then went on to go over $1000. Things can change on a dime in these markets so be prepared for a change in direction at any time. Sangold is a great company and it is Jay Taylors and Robert Cohens top picks. At $350 cost of production this company is a diamond in the ruff even at $600 gold. Remember a loss is only a loss if you sell! The market is reacting the same as it did in 1930 so these are interesting times.



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