Cyclist warns that juniors will not be good for a month. He's from the Kitco gold forum and is too often right. Not asking anyone to believe this. Just to note if there is a coincidence.
He's not always right.I've have lost money following his calls sometimes. But ,for instance,I bought cgt at 70 and following his hints generally,sold at 66 a few days later.It,s now 51. Maybe coincidence. Lets see what happens this month. Maybe another coincidence. But I've seen too many of his calls be correct to trade this month. Can't lose money if your not in the market.(can't make it either.)
How long are you holding for? personally if I had bought in @ 7 I would have held for 10 (as I think this stock will reach that this year) - seems to me your trading on very short term timeframes? A month isn't a long time to hold unless of course you are day trading.
I like to sleep at night so I trade in a day or two. Maybe no guts. Also I think a market collapse is possible. I think cgt will go up also,but would rather rush in and out trying to catch %5 ups,so as to avoid having much time actually in the market,and so avoid the possible collapse. Confidence in todays market is bravery.
CGT is a a sit and wait. Not a big ASX person, but about 50% of my stock is in the +. Over all I am ++, so I am not complaining.
..............................Originally Posted by Cyclist View Post The origional post said He would be out of juniors from first week of January. >>>>Newer cyclist.17/1/11 Cycles are giving a high sometimes this coming week for the main markets.As I am out of gold stocks already since the first week of this month,I will pull the plug as well on all other stocks ,energy and my agricultural ones. It will be cash and gold physical my position till the third/fourth week of February.The new congress will be adverserial to Obama's reckless spending,this will be in line of less liquidity in the marketplace the coming 6 weeks IMO.Prudence should be excercised. .................. Old 02-03-2011, 05:51 AM -------------- Originally Posted by manias View Post Boy does that means we still have a month of falling? Also do you still advocate 50% in physical gold? As Always Thanks for your insight ---------------------- Cyclist With 50% physical in your possession and use your remaining cash to move into food and oil stocks when the time is ripe to enter ,would the preferred way to go. ...................................... But lets wait and see what the outcome is in a month.I've found this guy helpful,maybe others here will also. https://www.kitcomm.com/showthread.php?t=66577&page=104
I've got about 10 mining stocks, 8 of whom are juniors to the tune of about $50k+ invested. I'd lose the entire investment if I traded like that. I research, buy and hold. For example I have held Perilya all the way through from 60c when I bought in in 1996, up to $4.00+ and back down again to now .58c I just wasnt into shares when Perilya did its rise, so I missed a chance to sell it but I dont miss the money either. Because I've had alot of success with buy and hold in all my other shares thats the way I look at all my shares now. I'd have sleepless nights if I sold out of a stock that subsequently rockets more than I would of not selling on a decline. I guess I'm a fundamentals investor. If you worry about the short term noise in every share, you'd lose money in the long run I think.
Cyclist predictions from the Kitco forum. >>>>Newer cyclist.17/1/11 Cycles are giving a high sometimes this coming week for the main markets.As I am out of gold stocks already since the first week of this month,I will pull the plug as well on all other stocks ,energy and my agricultural ones. It will be cash and gold physical my position till the third/fourth week of February. ................................................. Seemed to have picked it.
What you say is true.But one can only predict the general direction. And glad i'm not in the general stockmarket. Said he likes oil and food stocks in Canada, as picks in future. Still,pretty good to pick the downturn. One swallow doesn't make a summer however,admittedly. And the month has not ended. Wouldn't like to be holding general stocks on Monday, thats my prediction. ................................................................... Old 02-24-2011, 05:49 AM Cyclist Cyclist is offline Member Cyclist, you previously mentioned to switch silver to gold in June. Have you fine tuned the time line to April as we are getting closer to these dates? Amstrong also has April (low) and June (rebounce) as his turn dates. Would you please specify a little more details of the turn date of April and June in your cycle work? Really appreciate your insight. ................ Cyclist I'm talking about G/S ratio ,it should make a turn in April.But one could wait till June to make the switch from silver to gold. Reply With Quote
