I tend to feel the same way, I am no day trader either. Given the volatility of the markets it really is a gamble. Though i dont have my ear to the ground as much as most people it seems to me that it is very hard to predict all the factors that influence the price of gold. Like China out of the blue says they fear a bubble in gold and so begins the correction, or an election result and remarks about cooling of credit markets and such. I dont trade because I havent the time or expertise to know all of the contributing factors that influence gold price over the short term. What i do know and it is hard not to is that we are very sensitive to gold price and we are an expensive stock (1 bln market cap), hence the volatility in SGR.

Some weeks our resolve is tested, I know mine was last week. With Gold correcting will it be a weak correction which will be reversed in short order or as some have said will we see 1k or less or trade sideways for several months....beats the hell out of me. I do believe in the longer term gold price, how could there not be with the state of the economy and printing presses churning but nothing moves in a straight line.

With each successive NR that SGR releases it is hard not to imagine greener pastures headed our way, it is the timelines that are harder to nail down. So I take my lumps along with the rest of you, reminding myself that day to day fluctations are to be expected and in the end is this a winner? I have made my bet as we all have and I am holding.