Re: Paul V on bnn
in response to
by
posted on
May 30, 2009 01:56PM
San Gold Corporation - one of Canada's most exciting new exploration companies and gold producers.
"Remember,the trend is our friend!"
The "general public," as Jesse Helms always called the "silent majority," is usuallty (99%) wrong at both ends!
Gold trending up, the $US trending down, not a wise move to bet against either! (In the short term)
PVE, as a regular on the "circuit, also selling a newsletter, is no doubt looking for credibiliy on the safe side, and as gold nears a $1,000 it is a safe call although the trend shows no sign of let-up!
One failed rally could change that in a NY minute!
Historically, most of the profits are made in the thin air at the tops, with the final rally yielding most generously in the closeing days. (eg, Lion Mines running from $0.05 to $380 between '75 an '81!)
We ain't there yet with gold, and we ain't there with SAN, while there is nothing wrong with taking some profit, in the end your core position will return the "big" $$ as the "bull" tops out to be swallowed whole by his nemesis the "bear!"
At which point you want to be hustling your a$$ into the setting sun (Aruba not Bissett) with your pockets full of ca$h!
Pretty simple!
Ruf